Four clients lost a total of £2 million.

Rathi also confirmed that the FCA is "not anticipating any further mass redress events".

Dance is accused of fraudulently abusing his position of trust at WealthTek for his own personal gain. 

Ministers are considering whether to scrap the UK's Payment Systems Regulator and fold it into the FCA.

In a small number of cases, the FCA says firms aren't attempting to provide the services customers are paying for.

The FCA's director of intelligence and digital explained that emails will be stored in a central digital archive.

This eighth enforcement case brought by the FCA concludes its investigations into cum-ex trading. 

Campbell allegedly misappropriated funds from clients on numerous occasions. 

The FCA is urging social media platforms to do more to proactively identify and prevent illegal financial promotions. 

The report concludes that naming and shaming is "not the way to regulate".