FSA says small firms misconception risks 'tarnishing industry'

Small retail firms have again been the target of FSA criticism, with the regulator warning firms tha...

Small retail firms have again been the target of FSA criticism, with the regulator warning firms that they cannot escape its attention. Stephen Bland, director of small firms, said a misconception that small retail firms were falling under its radar was wrong and risked tarnishing the industry. "We are sending a very clear message that small retail firms are not under the radar. Our regulatory approach is based on giving help to firms who run their businesses while Treating Customers Fairly and endeavouring to do the right thing, but coming down hard on those who don't. "Our focus is ...