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FCA fines Sesame £1.6m for ‘pay-to-play' arrangements

Professional Adviser | 30 Oct 2014 | 12:12 | Regulation

Sesame, the UK's largest network of financial advisers, has been fined £1.6m by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme that "undermined the ban on commission payments brought in by the Retail Distribution Review (RDR)".

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