This week's news... condensed

1 MiFiD II Just when it appeared there might be some clarity around the independent/restricted issue, along comes MiFiD II. The latest draft of the European legislation potentially leaves the door open to commission for restricted advisers. 2 Towry troubles The FSA has been pretty active on the enforcement front recently and Towry became the latest firm to feel the wrath of the regulator, with a £494,000 fine for providing misleading information and for client money breaches. 3 Keydata Another development on the Keydata front, with founder Stewart Ford threatening to sue Lifemar...