The Financial Conduct Authority (FCA) has imposed financial penalties of nearly £216m over the last financial year.
In a speech delivered today (1 June) by the FCA's joint executive director of enforcement and market oversight Therese Chambers, it was revealed that the watchdog will prioritise imposing "the maximum possible penalties" on firms and individuals that do not comply with regulations. Chambers said the FCA is investing in data and technology to improve its investigations. "It is already harder than ever to hide. Early detection is always more effective," she said. The regulator has secured convictions against four people for a binary option fraud and started prosecutions into alleged ...
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