In the past, the Financial Conduct Authority (FCA) has too often struggled to spot those few unscrupulous advisers who seek to exploit the complexity of the pension transfer market for their own financial benefit. Of course, such financial benefits usually accrue to these unethical advisors at the expense of their own clients. Yet, too often, […]
According to court filings on Monday, JPMorgan Chase filed a lawsuit against electric vehicle manufacturer Tesla in a dispute over warrants. The banking giant is seeking $162.2 million plus interest, attorneys’ fees, and expenses. JPMorgan claims that Tesla breached the terms of a contract that was signed between the two companies about repricing the warrants. […]
Lasting Powers of Attorney (LPAs) are tremendously beneficial: they enable donors to appoint one or more people as attorneys to help them make decisions or to make decisions for them. For anyone who, for any reason, can no longer make decisions about their affairs, an LPA empowers the attorney to act on their behalf - […]
Gelu Maravela, Partner at MPR Partners, and Daniel Alexie, Managing Associate at MPR Partners, explain why regulators are wary of the potential dangers of crypto and what can be done about such risks. Last month, the Deputy Governor of the Bank of England, gave a speech entitled: Is ‘crypto’ a financial stability risk? In a […]
What If You Cancel Your Loan Application Loans are great helpers when it comes to quick access to money, easy and paperless application, and reliable online lenders. Online application is what draws the attention of potential borrowers. Who needs conventional banks with their queues and high fees when you can fill out a form online […]
The claims were made in testimony at the trial of Elizabeth Holmes. The Theranos founder is on trial for charges of fraud and conspiracy to commit fraud over allegations that she misled investors, medical professionals, and patients about the capabilities of Theranos’ blood-testing machines. Holmes, 37, denies the claims. However, if found guilty, she could […]
Jessica Harris, Associate at Hunters Law shares her opinions on the Autumn Budget. No targeted relief for sectors outside of retail, leisure and hospitality Firms outside retail, leisure and hospitality are desperately in need of Government support due to the impact of the pandemic, however firms hoping for drastic reforms in the Autumn Budget were […]
The Swiss bank’s settlement with the US Securities and Exchange Commission (SEC), the Justice Department, and the UK’s Financial Conduct Authority (FCA) was announced just moments before Switzerland’s financial regulator rebuked it for its long-running corporate espionage scandal. The UK and US charges stem from almost $1 billion in bond offerings as well as a […]
The government’s Covid response schemes inadvertently created unprecedented opportunities for fraud – only now is the potential scale of that fraud beginning to come to light. The UK Treasury has launched a remarkable 23,000 inquiries into potentially fraudulent payments made during the pandemic. Last year, HMRC announced that it was investigating 27,000 cases of possible […]
Mark Kenkre, Partner at Keller Lenkner UK, explains how big tech platforms have sped up investment fraud in recent years. Social media companies are coming under pressure to do more to protect users from investment fraud. Action Fraud has reported that £63 million was lost to such crimes in the past year, prompting calls for […]
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