enforcement
Regulation
The FSA has sent letters to IFAs demanding information on their advice around, and dealings with, unregulated collective investment schemes (UCIS) for retail clients over the last four years.
22 June 2012
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Mortgages
The Financial Services Authority (FSA) has publicly censured Principal Mortgage Services Limited (PMSL), a mortgage broker based in Worcester, for failing to give suitable advice on interest-only mortgages.
18 June 2012
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Regulation
The Financial Services Consumer Panel (FSCP) has told peers they should amend legislation to make it possible to publish warning notices against firms and individuals without consulting them.
11 June 2012
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Regulation
A second man has been arrested as part of a Financial Services Authority (FSA) investigation into a suspected unauthorised foreign exchange trading scheme.
30 May 2012
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Regulation
The Financial Services Authority (FSA) has fined an independent financial adviser £60,000 for the unsuitable sales of Unregulated Collective Investment Schemes (UCIS) and other non-mainstream investments.
30 May 2012
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Regulation
The Financial Services Authority has fined hedge fund boss Alberto Micalizzi £3m and banned him from performing any role in regulated financial services, after he lied to investors in his now defunct fund.
29 May 2012
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