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BREAKING: The FCA Bottles it: Standard Listed frauds will not need an advisor after all & can "carry on robbing"

By Tom Winnifrith | Thursday 18 January 2024


Oh dear, oh dear. The FCA had the chance to clean up the sewer that is the Standard List by forcing all companies to retain a regulated advisor, rather as AIM Companies have to retain a Nomad. Fearing losing its license a Nomad should, in theory, stop companies telling outright lies or committing fraud, as happens all too often on the Standard list. But a consultation paper CP23/31 shows that the woke warriors at the FCA have bottled it and thus will allow investors to carry on getting screwed.
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