Warning notices: APFA wants equal weighting given to clearing advisers' names

Responding to the regulator's consultation paper on publishing information about warning notices, published in March, APFA said the proposal needed to outline in more detail how it would rectify false accusations of innocent firms. APFA said: "Our concern about the power to publish warning notices has always been whether a financial services firm wrongly condemned publicly will have its name cleared in an equally public fashion. "We are therefore concerned about the lack of detail contained in this paper about how the process for issuing a notice of discontinuance will work." The a...