The Financial Conduct Authority (FCA) has zeroed in on an advice firm that gave advice relating to unregulated property scheme Harlequin.
A change to the financial services registered entry for Sussex Independent Financial Advisers has suggested the FCA is keeping a close eye on complaints activity relating to the firm. According to the register, the firm is required to notify the regulator of any complaint it receives relating to regulated business within 48 hours of receiving the complaint. The FCA also requires it to ensure it has the funds likely to be sufficient to satisfy any compensation should a complaint be upheld. The register said those funds should be held in a separate bank account and should not be used by...
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