Regulation

Minimum fine raised

To be 'a case to watch'

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