Staley case is a warning not to bury your head when it comes to FCA

Hélène Préchac December 1, 2023 0 Comments

Last month, the Financial Conduct Authority banned Jes Staley, former chief executive of Barclays, from holding senior position in financial services, also fining him a £1.8 million fine, for misleading it over a personal relationship, namely with Jeffrey Epstein. In this article for FT Adviser, Joseph Duggin discusses the case and how it is a […]

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Peters & Peters

Record £17 million fine for cum-ex trading scam

Hélène Préchac June 14, 2023 0 Comments

The Financial Conduct Authority (FCA) has fined ED&F Man Capital Markets Ltd (MCM) over £17.2 million ‘for serious failings in its oversight of cum-ex trading’. The FCA said that these failings allowed the broker to collect fees for trading strategies designed to enable clients to reclaim tax illegitimately from the Danish authorities. According to the […]

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