Fake trader Guy Flintham - who splashed out more than £1m of investors' money on a "extravagant lifestyle" - has been jailed for six years over a £19m unauthorised Ponzi-style investment scheme.

The FCA has written a Dear CEO letter to provider bosses to alert them to potential gaps in data as the Consumer Duty deadline for closed products looms.

The FCA has brought charges against nine people in relation to an unauthorised investment scheme promoted on social media.

The number of approved persons given the green light to work at appointed rep firms within three months of application has significantly improved in the latest quarter.