- Home/Publications/Compliance Monitor
Shard CEO fined and banned for misleading a client's auditors and accountants
The founder and former CEO of a City-based firm of asset managers has been banned and fined £120,300 by the FCA after the provision of incorrect information to auditors of a corporate client.
Online Published Date:
08 May 2024
Appeared in issue:
Vol 36 No 9 - 08 May 2024
Trio charged with fraud after victims' pension funds squandered on high-risk CFDs
The FCA has charged two men and a woman with fraud amidallegationsof false statements that individuals whose retirement savings were placed in high-risk contract for difference (CFD) schemes qualified as professional investors; many victims saw their "pension funds almost entirely lost".
Online Published Date:
15 May 2024
Appeared in issue:
Vol 36 No 9 - 08 May 2024
Reality TV stars among finfluencers charged for promoting unauthorised FX scheme
Nine 'finfluencers' - including former participants ofLove IslandandCelebrity Big Brother- have been charged by the FCA in relation to the social media promotion of an unauthorised foreign exchange trading scheme for which they could receive a fine and/or up to two years' imprisonment. They are due to appear before Westminster Magistrates' Court on 13 June.
Online Published Date:
16 May 2024
Appeared in issue:
Vol 36 No 9 - 08 May 2024