FCA

Three of the regulator's top brass have spent almost £10,000 on foreign travel and accommodation in the first half year of the Financial Conduct Authority's(FCA) existence.

The number of calls to the Financial Conduct Authority's (FCA) ‘whistleblower hotline' to report suspected malpractice in the financial services industry has jumped 23% in the last year, according to figures obtained by law firm RPC.

A former financial adviser and his business partner have today been sentenced to a total of two years and nine months for giving unauthorised advice.

The self-invested personal pension (SIPP) market is in a ‘Mexican stand-off' situation with the regulator as it awaits capital adequacy regulation and the outcome of the third thematic review, a provider has said.

Two former regulatory supervisors have been appointed to senior roles at The Consulting Consortium (TCC).

The investment industry is inefficient and in need of a radical overhaul if it wants to meet the needs of an under-served consumer base, Financial Conduct Authority (FCA) board member Mick McAteer has warned.

The financial services industry needs to tackle its "complexity problem" to make it easier for consumers to understand product choice and protect the most vulnerable, the regulator has said.

The Financial Conduct Authority (FCA) has banned former investment consultant Rahul Shah for encouraging another person to engage in behaviour which, if engaged in by Shah, would amount to market abuse.

DFMs

The UK arm of international advisory firm deVere Group has been the target of another cloning scam, with perpetrators imitating its advisers and forging business cards to dupe clients, the firm's UK chief has said today.