Wealth managers

The Financial Conduct Authority (FCA) has hit Merrill Lynch International (MLI) with the largest ever fine imposed for transaction reporting failures.

A former J.P. Morgan investment adviser has been accused of stealing at least $20m from clients and using the money to trade on his own account and to pay off his mortgage.

Ernst & Young (EY) has paid $10m to settle claims it was negligent in it duty as auditor when it failed to raise the alarm when Lehman Brothers was heading towards collapse.

A former professional indemnity insurance broker has been banned by the regulator for giving forged evidence and lying to the High Court.

The Financial Conduct Authority (FCA) has fined BNY Mellon £126m for failing to comply with rules ensuring the safe custody of client assets.

The Financial Conduct Authority (FCA) has warned of a scam firm using the details of investment manager BlackRock to defraud investors.

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Understanding the regulator just got easier

The Financial Ombudsman Service (FOS) has ruled in favour of four complainants who separately claimed they were given unsuitable advice to transfer their personal pensions to new plans permitting investment in overseas property.

HSBC is the subject of a criminal investigation by French authorities over allegations of tax evasion at its Swiss private bank.