Eight MPs have called on chancellor Rachel Reeves to look into the Financial Conduct Authority’s (FCA) investigation into fallen WealthTek
The letter, sent on 8 August by Conservative MP Kevin Hollinrake and co-signed by seven others, urged Reeves to commission an investigation into the "deeply concerning" allegations made against the regulator in relation to the collapsed WealthTek. It highlighted recent reports that the FCA allegedly neglected to act on a whistleblower's claim of potential fraud for more than two years. "As you will appreciate, our financial system relies on having an effective and vigilant regulator," the letter to Reeves stated. Hollinrake highlighted that similar allegations were made against the...
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