Daniel Pugh has been charged with fraud and three offences of breaching the FSMA, accused of defrauding investors out of approximately £1.3m through an unauthorised investment scheme.
The FCA has enforced high financial services standards and taken action to support competition, reduce consumer harm, and improve consumer outcomes, resulting in a £17 benefit for every pound spent on their operations.
The Financial Conduct Authority has raised concerns with NatWest Group and Coutts regarding recent allegations of account closures and breach of customer confidentiality, and is awaiting an independently-led review to determine if any further action is necessary.
The FCA intends to support the Chancellor’s Mansion House proposals by engaging with market participants to consider potential regulatory changes for improving investor research while providing value for money, aiming to make relevant rules in H1 2024.
The FCA has visited 34 locations and inspected 26 crypto ATMs suspected of operating illegally, as part of a coordinated effort with other law enforcement agencies to protect the public from losing their money to criminals.
The Financial Conduct Authority has found that firms need to increase their focus on liquidity risk or risk regulatory intervention, and have identified good practices for asset managers to improve consumer outcomes and strengthen wholesale markets.
The Upper Tribunal found breach of significant regulations in a complex multi-party investigation, and human error leading to an incomplete disclosure, resulting in the recommendation for review of disclosure processes.