Pinned Tweet
It is not only consumers who are confused about @thefca role, it is all the MPs and government officials who expect consumer protection by @thefca! One billion loss of public money to scams, fraud, dodgy financial businesses show @thefca is doing nothing!
ft.com/content/6c51c3b7-2738…
Martin Hague retweeted
I have just watched the @CommonsTreasury session with Mr Rathi and Mr Lloyd from earlier this week and statements made by them in respect to Blackmore Bond. I have just written to Mr Lloyds to raise concerns. I have been blocked from emailing him. @TransparencyTF @appgonpbandffs
Martin Hague retweeted
The @theFCA needs to be disgraced over this. They are fully aware that failed Copia Wealth (involved in Westway, Satchi etc) has allegedly phoenixed into London Court which provides various services (including ISA manager) for dodgy bond offers like this.
@RichardJLloyd
Martin Hague retweeted
IMPORTANT QUESTIONS:
1. Why didn't @theFCA act over multiple FSMA breaches to stop this in order to protect consumers?
2. Why has @theFCA left it to @insolvencygovuk to investigate the FSMA breaches after the event?
= multiple MASSIVE failures of statutory duty
This👇 is @insolvencygovuk doing @theFCA's job & calling it out as not fit for purpose:
"Investigators found Bateman caused Amek Solutions to breach FSMA 2000. Misconduct included: advising people... produced misleading & unrealistic marketing materials"
gov.uk/government/news/direc…
Martin Hague retweeted
Disgracefully MISLEADING headline from @theFCA on financial promotions interventions. Dig into the detail & you find they only reviewed 340 & only issued 1 s137S banning notice. 3878 of the 4151 were exceptional outcomes of a Credit Brokers Dear CEO letter
fca.org.uk/news/press-releas…
Martin Hague retweeted
1/2 It would be a huge result for consumers if this amendment became law. As I understand it, it means that ordinary consumers that have been harmed as a result of catastrophic regulatory failure by @TheFCA could litigate against it. That's a win on 2 levels. Firstly, it...
The proposal by @PeterGrantMP to amend FSMB would remove @TheFCA's immunity from civil liability, by
changing the common law position based on a Privy Council decision from over 35 years ago.
Details here, see NC16: publications.parliament.uk/p…
#BankingLitigation #consumers
Martin Hague retweeted
I'm hoping they talk about the need for the removal of @TheFCA's immunity form civili liability; plus all the catastrophic regulatory failure cases such as Blackmore Bond, Woodford, IRHP mis-selling, etc. And what's the hold-up on the Dobbs Review (again!) What else folks?
The @CommonsTreasury is quizzing the CEO & Interim Chair of @TheFCA at 3:15pm today, there's a long list of potential #consumerprotection talking points.
Watch it in person or online; will also be available on catch up.
Details here:
committees.parliament.uk/eve…
#financialservices
Martin Hague retweeted
Restart the count:
ALT Simpsons image: “British Government- 0 days since last shitshow”
Martin Hague retweeted
‘If the FCA stays stuck in the past, London will lose capital to European competitors’
cityam.com/fca-stays-stuck-i…
@CityAM
Martin Hague retweeted
Ex-FCA employee accuses regulator of ethnic discrimination over bonuses, but tip of the damaging iceberg of evidence here appgonpersonalbankingandfair…
@theFCA is totally dysfunctional. As @thatginamiller has been saying Independent Inquiry needed @JohnGlenUK
citywire.com/new-model-advis…
Martin Hague retweeted
Remember>
"Cold-calling agents & introducers took £1M of the money, with the 4 scammers sharing the rest. Just £3.2M was actually invested, of which £2M was sunk into an off-plan hotel development in St Lucia & an unregulated commercial property bond."
news.sky.com/story/scammers-…
Martin Hague retweeted
Rearrange: bolted door the after horse the shutting
"@theFCA has introduced emergency rules to prevent all firms which gave pension transfer advice to five or more members of the British Steel Pension Scheme (BSPS) from disposing of their assets."
citywire.com/new-model-advis…
Martin Hague retweeted
The @theFCA's 'halo effect' strikes again 👇
"Vector Wealth Ltd is a @theFCA auth firm that issued a mini-bond... The marketing material... stated that the proceeds.. would be used to generate returns for investors through trading foreign exchange."
fca.org.uk/news/news-stories…
Martin Hague retweeted
1/2
Important Meeting of the @CommonsPAC
It is scheduled to take place this Wednesday, 27th of April at 13:30, and it is about @TheFCA's much-criticised handling of the British Steel Pension Scheme scandal, see here...
Martin Hague retweeted
1/7
SPECIAL ANNOUNCEMENT - MARCH TO PARLIAMENT!
There is going to be a march in London to protest about the @TheFCA's conduct and its chronic and catastrophic failure to provide an appropriate degree of consumer protection, over many years.
The march is open to all but will...
Martin Hague retweeted
Shocking testimony by Lord Foulkes
Via @guardian @GdnPolitics: No 10 pressured me to drop anti-money laundering measures, says ex-minister
theguardian.com/politics/202…
#dirtymoney #financialservices #financereform #goodfinance
Martin Hague retweeted
Come on @squarespace - you should be able to block this domain being used to clone @MartinSLewis @MoneySavingExp immediately!
Criminal website still active and currently stealing from the public.
Grumpy old @squarespace still silent.
FCA warning: fca.org.uk/news/warnings/mon…
Martin Hague retweeted
Onwards and upwards!
The fight now moves on.
We received a disgraceful 1 paragraph dismissal at the Court of Appeal to a 15 page challenge.
3 'captured' Judges to date have refused to even consider requesting the actual evidence in the case, European Court of Human Rights is next!
@BankConfidenti1
Martin Hague retweeted
Priceless that the executive director responsible for ‘Unauthorised Business’ (Mark Steward) was written to about the mysterious pooper.
I have reached my journalistic peak with a story about how the FCA tried to track down its 'poogate' suspect.
fnlondon.com/articles/how-th…
