FSA tells website copycat victims to seek legal help

Laura Miller
clock

IFA victims of a website copying scandal have been told to rely on lawyers rather than the regulator or professional bodies' codes of ethics to discipline the thieves.

Dubbed ‘webgate’ on the social media site Twitter, Professional Adviser has found at least six advisers who have discovered original, copyrighted material from their company websites reproduced, often verbatim, on those of rival businesses. Outraged advisers have condemned the “intellectual property theft” and are calling for regulatory action against the perpetrators for breaches of the FSA’s Code of Ethics for Approved Persons (APER). Where the firms or advisers are Chartered Insurance Institute (CII) or Institute of Financial Planning (IFP) members, victims say action should also b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read