Tags: Financial Conduct Authority
Financial Conduct Authority To Implement Stricter Rules In Spread-Betting
An investigation on spread-betting revealed that 82% of users lost money. In response, the Financial Conduct Authority proposed for stricter rules for the industry.
FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal
The Financial Conduct Authority banned Weaving Capital (UK) Ltd. Founder Magnus Peterson from working in the financial industry as part of a closure in one of the biggest scandals in the country.
Financial Conduct Authority Wasted £3.2m Tax Money on a Deal with Oracle for a Software Never Used
City watchdog the Financial Conduct Authority wasted £3.2 million of taxpayers' money on a deal with Oracle for software that was never used. FCA officials admitted that the agency only required £1 million for a software they needed. But according to reports from This Is Money, the FCA paid a total of £4.2 million for a deal with San Francisco-based tech giant Oracle.
Tighter regulations await crowdfunding sector in UK to facilitate transparency and investor protection
The loan-based crowdfuning sector of the UK will be subject to stricter regulations by the UK's Financial Conduct Authority to safeguard the interests of investors and make it more transparent, the Yorkshire Post reported.