Slow progress for compliance and mergers in run-up to 2005
Professional services firm Grant Thornton has warned that some brokers are heading for disciplinary ...
Professional services firm Grant Thornton has warned that some brokers are heading for disciplinary action after a recent survey assessing broker preparations for statutory regulation in 2005 found that 11% of respondents intended to continue trading without authorisation (Survey, p42).
The survey of 160 brokers, representing a cross-section of the broking community, also found that a much higher proportion of secondary intermediaries were set to trade without FSA registration.
Unsurprisingly, the
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