appointed representatives

Ten mistakes that led to Financial's landmark FCA recruitment ban

Network the On-Line Partnership is liable for allegedly unsuitable advice it claims one of its appointed representatives (AR) gave without its authorisation, the Financial Ombudsman Service (FOS) has ruled.

The Financial Conduct Authority (FCA) has issued a warning notice to a director of an appointed representative (AR) firm for promoting and arranging unregulated collective investment schemes (UCIS) despite its network not allowing UCIS business.

Restricted network Personal Touch Financial Services (PTFS) has rooted out about 200 investment and pension "dabblers" after evaluating their value and risk to the business.

One London-based adviser has said that an unseen restrictive covenant in a contract with his appointed representative (AR) firm means that he is prevented from working for one of the biggest networks in the country forever.

Law firm Regulatory Legal is preparing to represent some of the 900 advisers affected by the administration of Honister Capital.

IFAs using network support provider Paradigm Financial Advisers face delays of up to two weeks for their cases to be checked and approved because of "unexpected" demand for the service.

The FSA must do more to help firms hit by the economic downturn, according to IFA network Tenet, after the regulator raised concerns about the quality of advice given by appointed representatives (ARs).

Despite rumours that Home of Choice (HOC) had gone into administration last week after the failure of acquisition talks, an 11th hour statement by chief executive officer Gerry O'Brien suggests that the business could still be saved.

Phoenix Corporate Planning Group has bought up assets from the collapsed mortgage network Mortgage Times.