What have you done with the money?

The Financial Services Authority (FSA) is currently undertaking a major review of over 200 firms across the UK to see how brokers, particularly authorised ones, are complying with client money rules. These visits follow in the wake of pilot studies carried out at the beginning of 2006 that suggested errors, confusion and plain ignorance of the rules were far more widespread than expected.

The regulator believes that brokers have now had enough time and guidance to comply, or at least make

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