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Showing 1 - 10 of 26 results for "Mark Steward"

Woodford flags comeback

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... investment firm is in the works, reportedly operating out of Jersey. FCA director of enforcement and market oversight Mark Steward said Woodford has not applied for appropriate permissions to commence regulated activity in the UK. "In taking any decision ...

Charles Schwab fails consumers, cops fine

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... CSUK stopped holding client assets from 1 January 2020." FCA executive director of enforcement and market oversight Mark Steward said: "As we saw with Lehman Brothers and subsequent cases, a lack of client asset protections can easily lead to increased ...

Three advisers banned for non-financial crimes

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
... take action to ensure these standards are maintained," FCA executive director of enforcement and market oversight Mark Steward said.

Pensioners lose decades of savings in 24 hours

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... and 21% more likely to take up an offer to access their pension pot early. FCA executive director of enforcement Mark Steward said: "We know many people have big plans for their retirement, whether it's seeing new places, learning new skills or helping ...

Broker fined for lavish entertainment

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... don't want to know" and no further enquiries were made. FCA executive director of enforcement and market oversight Mark Steward said: "The market performs important public functions and is not a private game of self-enrichment. "While these trades did ...

UK insurer fined for annuity sales failings

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... September 2017 to existing Prudential pension holders. FCA's executive director of enforcement and market oversight Mark Steward said: "These are very serious breaches that caused harm to those customers. Prudential is now rightly focused on redress ...

Standard Life Assurance fined for hawking non-advised annuities

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... Phoenix Group, is due to complete by the end of 2019. FCA executive director of enforcement and market oversight Mark Steward said SLA's controls needed to place fairness to customers at their heart. "Here, the financial incentives available to staff ...

Crypto scams bite UK

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
... financial services firms must be authorised by the FCA. FCA executive director of enforcement and market oversight, Mark Steward, said it was important for citizens to always do their own research. "We're warning the public to be suspicious of adverts ...

FCA hits Goldman Sachs over reporting failures

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... to the FCA were accurate and complete," the FCA said. FCA executive director of enforcement and market oversight Mark Steward said Goldman had failed to manage and test controls vitally important to the integrity of the UK's markets. "These were serious ...

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... discount, it would have forked out £39.4 million ($72.7m). FCA executive director of enforcement and market oversight Mark Steward said firms must have proper systems and controls to identify what transactions they have carried out; in which markets ...
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