The FCA has updated its webpage on investment advisers’ and authorised firms’ responsibilities when accepting business from unauthorised introducers or lead generators.
The FCA is concerned at the increase it has seen in cases in which the introducer has an inappropriate influence on how the authorised firm carries out its business, in particular, where the introducer influences the final investment choice. The FCA highlights six areas of concern it has identified, outlines warning signs authorised firms should consider to protect their customers and their businesses, and explains the steps firms should take.
View FCA outlines concerns where authorised advisers are accepting business from introducers, 24 January 2017