FCA censures Equity for Growth (Securities) Limited
The FCA has censured Equity for Growth (Securities) Limited (EFG) for approving financial promotions relating to minibonds that were unfair, unclear and misleading. EFG approved financial promotions which failed to disclose very high commission fees charged by its appointed representatives and other introducers for marketing the minibonds to investors. Appointed representatives carry out regulated activities...
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Ce qui s'est passé
The FCA has censured Equity for Growth (Securities) Limited (EFG) for approving financial promotions relating to minibonds that were unfair, unclear and misleading. EFG approved financial promotions which failed to disclose very high commission fees charged by its appointed representatives and other introducers for marketing the minibonds to investors. Appointed representatives carry out regulated activities...
Pourquoi c'est important
The decision may change compliance obligations, market access or operating costs for FCA.
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1 articles · 1 publication d'origine · 1 independantes
- Financial Conduct AuthoritySource primaire · Confirme · EN · 100%FCA censures Equity for Growth (Securities) Limited ↗
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- FCA censures Equity for Growth (Securities) Limited Observé
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- Premier signalement
- Source primaire · 79/82%
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