Regulation

The FSA has banned mortgage broker Rashid Farid following his jail sentence earlier in the year for conspiring to commit fraud.

Age is no barrier to attaining further qualifications, results from the latest round of Chartered Institute for Securities and Investment (CISI) exams suggests.

The FSA has fined a former Pacific Continental Securities UK stockbroker £24,000 for insider trading.

Consumers will get lessons in financial awareness paid for by banks in plans expected in the Queen's Speech this week.

The FSA has banned a mortgage broker for fraud and concealment of governance arrangements.

The variety of qualifications available to financial advisers must be simplified and better communicated to consumers if the industry is to succeed in increasing take-up of advice, Which? says.

The ABI is calling on the FSA to provide more clarity on how a 'simplified advice' process would work post RDR and in particular the level of qualifications needed for the distribution stream.

Fears current professional qualifications will become redundant post-2012 and uncertainty about new qualifications remain widespread, according a debate chaired by The Personal Finance Society (PFS) today.

The British Standards Institute (BSI) will develop a standard for compliance by retail and wholesale financial firms in the UK.

The FSA has fined London-based investment bank and stockbroker Seymour Pierce Limited £154,000 for failing to detect employee fraud carried out over three years.