Regulation

Richard Faithfull failed to pay back £529,961

Eight premises targeted

Received FCA permission

Onboarding subject to permission amid systems and controls review

Follows 'substantial debate' over regulator's role

Brokers criticise the move

FCA issued High Court proceedings against Concept Capital Group last year

Had combined Instagram following of 4.5 million

Concerns around gap in policymakers' evidence

Some using 'high-pressure techniques'