Tax & Regulation
Two UK wealth firms fail
FSCS has already received claims against both companies
Swiss-Asia AM fined HK$3m for regulatory breaches
It failed to monitor record keeping and trading activities in discretionary accounts
FSCS backtracks on advice firm failure
As liabilities may fall onto another company that is still in business
Four fraudsters sentenced over £5.4m gold mine investment scheme
They told 340 victims they could expect 250% returns plus bi-annual revenue payments
Australia delays financial adviser register
They will have an additional six months to sign up to the regulator’s portal