Three arrested in FCA crackdown on suspected illegal financial promotions

Two homes in the Chelmsford and Romford areas have also been searched as part of an operation led by the FCA and the Eastern Regional Special Operations Unit, a specialist policing unit that tackles serious and organised crime. All three unnamed individuals have been interviewed under caution, with the FCA stating further updates will be provided in due course because the investigation is ongoing. The Financial Services and Markets Act 2000 gives the FCA powers to investigate and prosecute unauthorised businesses cases. Under the Act, breaching General Prohibition and/or communicat...