FCA must remember that mud sticks
This week the Financial Conduct Authority (FCA) confirmed it now has the power to publically name firms under investigation.
The watchdog said it would make the information public through a warning notice statement that will "usually" name the firm under investigation. It even went as far to say that "in certain circumstances" it would name individuals.
Although the move has been in the offing for a while the announcement still sparked a heated response.
One reader posted the question on this site ‘Guilty until proven innocent?' while a few hours later law firm CMS Cameron McKenna went as far to query FCA's motives
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