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The Financial Conduct Authority (FCA)
Brokers Face Heavy Crackdown on Ads: Can Compliance Automation Be a Solution?
- A trading affiliate violated CAP codes by not including risk warnings in their marketing for reputable brands, as shown by Rightlander scans.
- In 2022, the UK financial watchdog blocked 8,600 ads on Instagram, YouTube, and Facebook promising quick profits and guaranteed returns.
Monday, 20/05/2024 | 10:37 GMT by
Sarafina Wolde Gabriel
FCA Approval Expands Stratiphy's Retail Offerings with Customized Portfolios
- The firm has become FCA's first approved independent wealth manager for retail client investments.
- It now can offer tailored portfolios to retail investors, diverging from tradition and unlocking growth.
Wednesday, 01/05/2024 | 08:46 GMT by
Tareq Sikder
FCA Acts: Kent Resident Faces £2.67M Investment Scheme Charges
- The allegations center around involvement in an unauthorized investment scheme named 'Kube Trading'.
- The FCA has planned to enhance transparency by divulging more about its investigations into companies earlier.
Tuesday, 23/04/2024 | 14:45 GMT by
Tareq Sikder
FCA Naming Firms under Probe May “Cause Circumstances to Spiral out of Control”
- Deterrence is a key factor in enforcement, but it is not a goal that stands alone.
- With regard to the FCA’s initiative, deterrence will probably grow, but it comes at a price.
Tuesday, 05/03/2024 | 15:29 GMT by
Zvi Gabbay
Intricacies of Regulatory Reporting: "AI Helps, but Brings Its Own Set of Challenges"
- Finance Magnates talked to several regtech experts to know the nuances of regulatory reporting.
- "Each regulator is putting their own spin on things... for no discernibly necessary reason," Quinn Perrott said.
Tuesday, 20/02/2024 | 13:40 GMT by
Arnab Shome
FCA Alert: Organised Crime Groups Exploiting Equity Markets Raises Concerns
- Suspicious trading in the UK and international equities significantly impacts market integrity.
- Key indicators of OCG exploitation include clients generating STORs, pre-M&A trading, and new security trading.
Friday, 16/02/2024 | 12:03 GMT by
Tareq Sikder
Odey Asset Management Receives FCA Clearance amid Allegations of Sexual Misconduct
- The inquiry into Crispin Odey and his firm was started in 2021.
- In June, amidst allegations from thirteen women, the situation unfolded, leading to significant repercussions.
Tuesday, 19/12/2023 | 14:52 GMT by
Tareq Sikder
'Double Dipping': FCA Wants Investment Platform to Cease the Controversial Practice
- Many investment firms retain interest in customers' cash balances and charge fees for cash management.
- UK firms have until 29 February to address the issues raised by the FCA.
Tuesday, 12/12/2023 | 08:20 GMT by
Arnab Shome
Temporary Measures: FCA Allows Investment Companies to Break Down Costs
- Firms and funds are encouraged to incorporate additional details in line with the Consumer Duty.
- Earlier, the organization proposed that investment firms maintain ample reserves for consumer compensation.
Thursday, 30/11/2023 | 12:22 GMT by
Tareq Sikder
Navigating Financial Challenges: RFX Enters Special Administration
- The firm offers foreign exchange and payment services to corporate and retail customers.
- Under special administration, the firm retains FCA authorization with JSAs overseeing court compliance.
Thursday, 30/11/2023 | 10:49 GMT by
Tareq Sikder
eToro Impersonation Scam: FCA Issues Warning on Clone Firm Deception
- The FCA recommends individuals to verify financial service providers' credentials and cross-check information.
- Earlier, the CNMV issued a warning against a clone firm impersonating eToro.
Monday, 20/11/2023 | 10:16 GMT by
Tareq Sikder
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