Forex broker FXCM UK slapped with £4m FCA fine February 26, 2014 The Financial Conduct Authority (FCA) has fined Forex Capital Markets and FXCM Securities (FXCM UK) £4m for allowing the US-based FXCM group to withhold profits of around £6m, which should have gone to UK clients. FXCM UK also failed to tell the regulator that US authorities were probing another part of the group for the [...]
HomeServe set for FCA fine but investors pile in January 13, 2014 HOME repair service HomeServe was yesterday facing a regulatory fine six times larger than it originally hoped over historic claims it mis-sold products to consumers. The FTSE 250-listed company revealed that the Financial Conduct Authority (FCA) had proposed a penalty of £34.5m, much larger than the £6m the company had originally made provisions for in [...]