Perhaps the only time I have agreed with the FCA wrt Collateral
'Possible Key Messages'
"this is tricky since there aren't many/any redeeming factors of this"
So the FCA carried out a 'lessons learned' exercise for the Collateral scandal.
It took them 2 months to refuse my FOI to disclose the document ............ and they are now taking over another month to carry out the public interest test.
whatdotheyknow.com/request/collat…
@SueFlood52@SamInstone The recently appointed CEO of the Dubai Financial Regulator is Mark Steward who was formerly head of Enforcement and Market Oversight at the FCA. He certainly knows plenty about how to play the game to the detriment of the consumer!
dfsa.ae/news/dubai-fin…
@oldgitinashed@NigelCairn55406 Andrew Bailey at the FCA 2019 Annual Public Meeting ( his last as CEO before being promoted to Governor at the BoE) stated “ ANY ORGANISATION THAT PRIORITISES BEING WITHIN THE RULES OVER DOING THE RIGHT THING,WILL NOT STAND UP TO SCRUTINY FOR LONG”
The FCA fails to do so!
@oldgitinashed@NigelCairn55406 On January 10 2017 I received an email from the FCA confirming that my Financial Advisor and 2 of his associated/subsidiary companies had fraudulently been claiming to have been FSA & FCA regulated and the matter referred to their unauthorised business department. I await redress
@bir02677015@TransparencyTF Spot on Paul, Parliament requires the FCA to prioritize the interests of the 'Market' over those of 'Consumers' This is the remit of the FCA. Only when Parliament properly addresses this inherent injustice will the ripoffs and consumer harm change. Who in Parliament will act ?
So why would the FCA disclose a CEO briefing to me before the important sections were filled in?
Do the facts of Collateral actually match the ‘Public lines to take’
whatdotheyknow.com/request/docume…
@Carlier_J87 Thank you for this latest update.
It yet again demonstrates what all complainants to the FCA already know.
They will do everything in their power not to admit to their historical failures to act upon credible evidence supplied by witnesses or whistleblowers. @TransparencyTF
The FCA 'secured' a freezing order of £595,00 against one of the Collateral directors.
£5,000 was returned to investors. This £5000 was split between over 1,000 investors.
Smoke and mirrors.
x.com/TheFCA/status/…
The FCA 'secured' a freezing order of £595,00 against one of the Collateral directors.
£5,000 was returned to investors. This £5000 was split between over 1,000 investors.
Smoke and mirrors.
x.com/TheFCA/status/…
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