FCA warns on firm's 'unsuitable' financial advice

In an update from the regulator today (5 March), it stated that: "We're concerned that HDH Investment Services may have given unsuitable financial advice to some of its customers, potentially leading to financial loss." This warning comes after the FCA placed restrictions on London-based HDH in January. From 20 January, HDH agreed to stop carrying out all regulated activities after the watchdog's intervention, halting its ability to give investment advice. The FCA noted that HDH also agreed to write to all its clients to explain what the restrictions mean for them.   The regulat...