FSA

Graeme Ashley-Fenn, head of the authorisations division at the FSA, has left the regulator for personal reasons.

MPs who back advisers' calls for a speedy review of FSCS funding will take the fight to Treasury Secretary Mark Hoban, after the FSA last night refused to commit to an April 2012 deadline for the overhaul.

The Financial Services Authority (FSA) spent £763,000 on a review of the Financial Services Compensation Scheme (FSCS) only to shelve it in 2010.

The FSA yesterday put out its latest thinking on plans to intervene earlier in the product value chain.

The FSA has concerns promotional literature for exchange traded tunds (ETFs) fails to adequately explain investment risk, and has warned of early intervention where it suspects problems.

An IFA has decided to itemise future client invoices to show how much of his bill relates to regulatory costs, after his FSA levy doubled this year.

The FSA has banned and fined a self employed trader £700,000 for market abuse through manipulation of shares and derivatives.

The FSA has stressed its preference for product intervention as an "essential" means of achieving consumer protection.

The FSA is warning wealth managers to honour their obligations to clients after a review of 16 firms raised suitability of advice concerns.

The FSA has secured its first criminal conviction for boiler room fraud in a cold-caller share scam operation.