The Financial Conduct Authority has placed Advantage Wealth Management Ltd (AWM) under strict restrictions, requiring written FCA consent before any asset disposal or regulated activity. The regulator cited concerns over how customers' investments were shifted into cash, inadequate financial resources, and AWM's lack of cooperation with supervisory inquiries. As a result, AWM can no longer operate as an independent financial adviser or provide advice without prior approval. The FCA advises affected clients to seek alternative advisers through the Money Helper service.
The Financial Conduct Authority (FCA) has released a letter to trade associations announcing KPMG’s appointment to conduct an independent assessment of proposals for a Future Entity that would set standards for UK open‑banking APIs. The assessment will evaluate governance, technical...
The FCA fined Dipesh Kerai (£52,731) and Bhavesh Hirani (£56,000) for insider dealing in Bidstack Group Plc shares, totalling £108,731 in penalties. Hirani, then interim CFO, leaked confidential details of a major advertising deal to Kerai, who bought 1.3 million shares before the...
The UK Financial Conduct Authority (FCA) initiated legal proceedings on 21 October 2025 against Huobi Global S.A. and several unidentified individuals linked to the HTX cryptocurrency exchange. The case was filed in the Chancery Division of the High Court, and on 4 February 2026...