Three investment advice firms have had their permissions cancelled by the Financial Conduct Authority (FCA) for failing to pay their regulatory fees on time.
Logic Financial Solutions and metal trading advisers KJ Precious Metal Trading and Mueller Precious Metal Trading all had their 4A permissions revoked by the regulator in May. Nottingham-based Logic was first invoiced £6,316.30 in August 2016 in regulatory fees and levies for the period April 2016 to 31 March 2017. But the firm did not pay up and failed to respond to the FCA's repeated requests to do so. KJ and Mueller owe the FCA £655.05 in regulatory fees for the period April 2015 to 31 March 2016. The London-based firms were invoiced on 16 June 2016 and were required to pay by 1...
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