TITLE

Aifa hits out at big FSA fines for small companies

AUTHOR(S)
Blackmore, Nicole
PUB. DATE
July 2009
SOURCE
Money Marketing;7/9/2009, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the dismay of the Association of Independent Financial Advisers (Aifa) on the decision of the Financial Services Authority (FSA) to increase enforcement penalties for small companies in Great Britain in 2009. FSA proposed to increase the penalty three times the current amount which eventually received negative reviews from financial advisers. The increase of fine is part of FSA's initiative in assuring credible deterrence among small companies to make breaches.
ACCESSION #
43459412

 

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