FCA restrictions placed on Raymond James Investment Services

FCA restrictions imposed from 16 August

Cristian Angeloni
clock • 1 min read

The Financial Conduct Authority (FCA) has imposed a range of restrictions on Raymond James Investment Services.

According to the FCA Register, the requirements became effective from 16 August. The restrictions state Raymond James is not currently authorised to onboard any new branches under its banner, nor can it employ or contract any new investment managers and it is not allowed to register any new trading names. If the company wishes to do any of the three, it needs to seek written consent from the FCA first. PA's sister title Investment Week understands the restrictions were placed on a voluntary basis, meaning Raymond James Investment Services agreed to the restrictions on its business ...

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