Regulation

A shadow minister has hit out at the changes already being made to the Financial Services Authority (FSA) and the regulatory landscape before Parliament has a chance to legislate on them.

The Financial Services Authority (FSA) has fined Santander £1.5m for failing to confirm to customers the circumstances under which its structured products would be covered by the Financial Services Compensation Scheme (FSCS).

The Financial Services Authority (FSA) has referred Catalyst Investment Group, the UK marketing and distribution agent for ARM Asset Backed Securities, to its enforcement and financial crime division, according to reports.

Victims of a boiler room scam are set to share £64,000 in redress after the Financial Services Authority (FSA) obtained a court order against a firm involved in the fraud.

Merchant Capital (MCL), subsidiary of Merchant House Group, has appointed Reyker Securities to provide custodial and administrative services to its structured products division.

The FSA has been awarded £8,665 in legal costs after successfully defending its position to cancel the permissions of Scottish accountancy firm James Perman & Company (JPC).

A Legal & General employee has been arrested as part of an investigation into insider dealing by the Financial Services Authority (FSA) and Serious Organised Crime Agency (SOCA).

Merchant Capital has warned some of its clients may suffer losses due to an ongoing Financial Services Authority (FSA) investigation into its custodian company Pritchard.

A firm has been fined £97,600 by the Financial Services Authority (FSA) for mis-selling unregulated collective investment schemes (UCIS), some of which have since wound up resulting in potential investor losses.

The two-year legal battle between Towry and seven Raymond James advisers ended yesterday with the judge criticising Towry's "unreasonable" behaviour during the trial.