Regulation

The Financial Ombudsman Service (FOS) today ruled investors who lost money in an Integrity fund will be considered for compensation to the tune of £1.9m.

The High Court has placed two landbanking businesses into provisional liquidation on the grounds of public interest, following an investigation by the Insolvency Service.

The man arrested by the Financial Services Authority (FSA) in connection with an unauthorised foreign exchange trading scheme also hit headlines last month, it has emerged.

The Financial Services Authority (FSA) today said it was "time to put right" problems it had identified with advisers switching client investments.

INVESTMENT

The Financial Services Authority (FSA) has expressed concerns about the quality of advice around firms' use of 'centralised' investment solutions after a thematic review flagged widespread failings at some firms.

The Financial Services Authority (FSA) must issue a consultation paper on advisers' use of unregulated collective investment schemes (UCIS) as a matter of urgency, according to financial services consultancy Aim Two Three.

The Financial Services Compensation Scheme (FSCS) is to levy financial advisers for an extra £38m as it begins making part-payments to Arch Cru investors with eligible claims against failed IFAs.

The Financial Services Authority has arrested a 23-year-old man as part of an investigation into a suspected unauthorised foreign exchange trading scheme.

Ian Hannam, the chairman of capital markets at JP Morgan Cazenove, is understood to have resigned today after the Financial Services Authority (FSA) indicated it would fine him £450,000 for market abuse.