The FCA has today launched a campaign to urge the public to stop remaining silent when financial scams occur. It also urges the public to seek impartial advice before investing.

The FCA has imposed a fine of £34.52m on Merrill Lynch International (MLI) for failing to report 68.5 million exchange traded derivative transactions between February 2014 and February 2016.

The FCA’s Upper Tribunal has upheld the regulator’s decision to ban Charles Palmer, the former chief executive of Financial Limited and Investments Limited, from performing FCA significant influence functions.

The Financial Conduct Authority has permanently banned and imposed financial penalties on two former employees of collapsed firm Worldspreads Limited (WSL) which used fake client accounts and made unauthorised use of real client accounts.