The FSA has fined IFA firm TBO Investments £28,000 for failing to clearly document the explanation of transaction risks to its clients.
TBO, which has offices in York and London, also failed to make and retain records that demonstrated the suitability of its advice and to ensure that its business was conducted in accordance with FSA requirements....
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till