FCA cancels DFM's permissions after missed £2,000 fine

Analyst Investment Management (AIMP) was fined a total of £2,000 over the course of ten months but did not pay up or respond to any of the FCA's attempts to make contact. The London-based firm was sent eight invoices of £250, on five different occasions between March 2015 and February this year for not submitting its returns. The FCA decided the firm was "not fit and proper" and cancelled its permissions in a final notice published on 9 August. This was not the first time the regulator used its power to revoke a firm's authorisation for failing to submit a regulatory return or pay ...