Forex news and analysis tagged “FCA” on BestForex.io.
The Upper Tribunal has confirmed the FCA's lifetime ban and £2,037,892 fine against Darren Reynolds — the worst British Steel pension adviser the regulator encountered — after he falsified documents, lied to regulators, and extracted assets from his own firm.
Frank Breuer ran Bluesky Wealth for four years without professional indemnity insurance, misled the FCA about it, then stripped the firm of assets while under restriction. The regulator issued a lifetime ban and a £755,000 fine.
A routine system upgrade in June 2024 silently disconnected Dinosaur Merchant Bank's CFD surveillance. For four months, billions in trades ran unmonitored. The FCA fined the firm £338,000 — but the real question is whether any market abuse moved through the gap.
IG launches a "Trade Responsibly" campaign while offering £3,000 free shares to new customers. BestForex.io asks whether the message and the incentive can coexist.