Companies
Robinhood fined $70m for ‘systemic failures’
Millions of customers received ‘false or misleading information’, the US regulator said
Martin Gilbert-backed firm buys 30% stake in Parmenion
It sees ‘significant opportunities to develop’ the platform via organic and inorganic growth
Financial planning firm makes fifth acquisition of 2021
Deal brings around £250m in funds under management
10 UK firms defaulted between April and May 2021
Seven of which provided financial advice and/or life insurance services
UK wealth manager enters administration
After the regulator imposed restrictions on the firm in March 2021