9:55am Friday 3rd September 2010
THE Financial Services Authority has fined Moneywise IFA Limited (Moneywise) £19,600 for failing to have sufficiently robust compliance arrangements for the investment advice it gave customers.
The investigation found that Moneywise did not ensure its compliance arrangements evolved as the business grew, the firm did not have robust arrangements for training advisors and ensuring suitability reports were clear, fair, and not misleading.
© Copyright 2001-2012 Newsquest Media Group
http://www.thenorthernecho.co.uk/trade_directory/