A former Honister adviser has been jailed for two years and nine months for swindling clients out of £380,000.
Former Polly Peck International (PPI) owner Asil Nadir has been jailed for ten years for stealing £29m from his businesses 20 years ago, the BBC reports.
The Financial Services Authority has hit the "nuclear option" with its plans to ban the sales of unregulated collective investment schemes (UCIS) to most retail customers, according to a regulatory law expert.
The successor to Mervyn King will have an "unduly powerful role" thanks to Treasury plans to extend the powers available to the Bank of England (BoE), one of the bank's advisers has warned.
The Financial Services Authority (FSA) is carrying out significantly fewer regulatory visits to small firms in what some suggest may reflect its changing view about the risks they pose to the industry.
The Financial Services Authority (FSA) believes its proposed rules on the promotion and sales of unregulated collective investment schemes (UCIS) could lead to a reduction in Financial Services Compensation Scheme (FSCS) costs for advisers.
Business tycoon Asil Nadir has been found guilty of a total of ten charges of theft from his now-collapsed Polly Peck empire.