Brokers urged to take FCA letter on "risks of harm" in sector seriously

regulation-torn

Compliance experts have highlighted the importance for brokers to make sure they have the right procedures in place after the Financial Conduct Authority (FCA) identified a number of “significant risks of potential harm” in the sector.

The regulator called on brokers to address their strategies and improve their governance in a letter to firms written by head of retail GI, Roma Pearson, last week.

However, while they agreed that brokers should ensure they are compliant, specialists had mixed

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