Raymond James barred from opening new branches and hiring investment managers

FCA restrictions

Cristian Angeloni
clock • 1 min read

The Financial Conduct Authority has imposed a range of restrictions on Raymond James Investment Services.

According to the FCA Register, the requirements became effective from 16 August. FCA: Managers 'undermine' value assessment process by basing fees off competitors The restrictions state Raymond James is not currently authorised to onboard any new branches under its banner, nor can it employ or contract any new investment managers and it is not allowed to register any new trading names. If the company wishes to do any of the three, it needs to seek written consent from the FCA first. Investment Week understands the restrictions were placed on a voluntary basis, meaning Raymond Ja...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Companies

The Tokenbridge platform has several features the company believes are set to “remake the investment landscape”.

Tokenbridge launches tokenisation platform for fund managers

Using distributed ledger technology

Laura Miller
clock 28 November 2023 • 1 min read
In a stock exchange notice, the group revealed, without naming Signa, that it possessed three loans to different entities within 'a European conglomerate' that was now restructuring, totalling CHF 606m (£545.4m).

Julius Baer to review private debt arm following 'European conglomerate' bankruptcy

CHF 606m in loans

Elliot Gulliver-Needham
clock 27 November 2023 • 2 min read
Despite rising tensions, the fiscal fourth-quarter results were strong, with an 11% rise in net revenue to a record $9.4 billion, topping market expectations

Stock Spotlight: Starbucks brews success in Q4 despite union discord

11% rise in net revenue

clock 27 November 2023 • 4 min read