Regulation

Two marketers acting on behalf of claims management companies have been fined £250,000 by the Information Commissioner's Office, in the first case of its kind.

The New York Attorney General has sued J.P.Morgan Chase for allegedly defrauding investors who lost billions of dollars on mortgage-backed securities sold by Bear Stearns.

WHAT I REALLY THINK

Standard Life has launched its consultancy charging model which will be in place for corporate advisers, employers and trustees after the Retail Distribution Review (RDR).

ALMOST COMMISSION

The Financial Services Authority (FSA) has written to the CEOs of 24 product provider and advisory firms warning them not to use distribution agreements and cross-subsidies to 'work around' the Retail Distribution Review (RDR) commission ban.

The Financial Services Authority (FSA) has charged four men with conspiracy to insider deal between 1 November 2006 and 23 March 2010.

Privately owned wealth manager Truestone has acquired Argent UK and Argent Personal Financial Management Limited for £3.5m.

Aberdeen Asset Management has launched a Retail Distribution Review (RDR) share class for its multi-manager range.

The Financial Services Authority (FSA) has agreed to increase an ex-gratia payment to a firm unnecessarily contacted by a debt collection agency, after the complaints commissioner deemed its initial offer inadequate.