The Financial Conduct Authority (FCA) has fined wealth management firm WH Ireland (WHI) £1.2m and restricted its recruitment of new clients after it failed to put effective systems in place to detect market abuse and protect insider information.
The UK regulator found that between 1 January and 19 June 2013, when WHI had around 9,000 clients and £2.5bn of assets under management, it failed to ensure it had the proper systems and controls in place...
Moves to overweight equities and fixed income
The Big Interview: Focus on ethical investment
View from the front row
'No control or oversight'
359 new customers in 2018