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Man arrested in FSA unauthorised business investigation

A 54 year old man has been arrested in connection with an ongoing FSA investigation into a suspected unauthorised foreign exchange trading scheme.

The man was arrested yesterday on suspicion of committing offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.

No one has been charged at this stage in connection with the investigation, which is ongoing. No further details can be confirmed at this time.

The arrest is part of an ongoing FSA investigation in which a 23 year old man from east London was arrested in April.


Lloyds of London prepares for eurozone collapse

Lloyds of London says it is prepared for a collapse in the eurozone and is reducing exposure to the continent “as much as possible”. The Sunday Telegraph reports Lloyds chief executive Richard Ward said the London market had put a contingency plan in place to switch underwriting to a multi-currency settlement if Greece leaves the […]


Greek exit would offer the chance to stabilise the euro

Early this year, we predicted that 2012 would see Greece leave the Euro but ultimately lead to a golden buying opportunity in European equities. We still think this. Why are we so sanguine? The Greek austerity plan, which sees Greece enduring eight years of pain in order to win the prize of Italian levels of […]

Out of context

“You’ll find them in Hello magazine…”London & Country associate director of communications David Hollingworth tells an MM hack about how he has sold the rights to his wedding photos. “One beer mat doesn’t weigh much, but if I land two tons of them on your head it’s going to hurt.”Nexus IFA Phil Frapple gives his […]

Bright Grey and Scot Prov MD steps down

Bright Grey and Scottish Provident managing director Ross Ainslie is stepping down from his role. Ainslie has been at the Royal London Group, the parent company of Bright Grey and Scottish Provident, for 10 years and will leave his role in August to study for an MSc degree. An internal successor will be appointed in […]

The Merchants Trust PLC – May 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]


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