Firms fined $7 million for UK financial promotions failures
The changes affect 1,500 firms that carry out investment business
Former trader banned for mistakes relating to the way that the gold price is fixed in London
Firms must reveal their fund charges clearly and consistently to retail investors
The FCA says stricter rules on how investment managers allocate dealing commission will come in on June 2
Too many firms are not being clear with consumers on how much advice costs
FCA publishes examples of good and bad practices to help firms and advisors meet independence requirements
Industry critical of proposed 10% limit on equity crowdfunding investments for most retail investors
Review finds 10% of firms are still using higher-risk incentive schemes
New rules will protect consumers from “rogue practices,” says FCA