08/02/2018
The Tribunal found TailorMade's customers were given bad advice to transfer into a Sipp which was to be invested in either a single, or a very small number of, inherently risky overseas property investments - notably Harlequin.
08/02/2018
The Tribunal also directed the FCA to impose a fine on Mr Burns of £60,000 on the basis that he had breached the FCA’s Statement of Principle 7 by failing to ensure that TMI complied with its obligations under the regulatory regime.
08/02/2018
The report also identifies the more recent development and use of price constraint mechanisms that, rather than simply halting trading, reject or constrain certain ordersto allow trading and price formation to continue.
07/31/2018
A recent peer review by ESMA, which assessed the level of compliance of six national competent authorities (NCAs) with its Guidelines on EPM, found a number of shortcomings in certain NCAs’ approaches when supervising the use of EPM by UCITS.
07/31/2018
The case was referred to the City of London Police, the national lead force for fraud, by the Financial Conduct Authority (FCA) which became suspicious of the HBFS bank accounts.
07/31/2018
Jersey Partners Ben Robins, Giles Corbin and Jonathan Speck have been named alongside Partners in Guernsey, Jessica Roland, Gordon Dawes and Jeremy Wessels.
07/30/2018
A judge said that Nathalie Dauriac, 40, who met the tycoon when she worked at the private bank Coutts, had “clearly won” the dispute.
07/30/2018
The new process would be proportionate, targeted, predictable and transparent, striking a balance between encouraging foreign investment while addressing evolving national security threats.