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Release Date: 30th September 2015

To access the original FCA document, click here.


The FCA imposed a £20,000 fine on John Joseph Financial Services Limited (JJFS) for breaches of Principle 9 and various rules in COB, COBS, and SYSC. The fine was related to JJFS’s recommendations of Keydata products to customers, where the firm failed to ensure the suitability of its advice, adequately assess customers’ needs, disclose all material risks, and maintain effective systems and controls.

Who Was Fined:

Reasons for the Fine:

Key Takeaways for Other Firms:

By adhering to these guidelines, firms can enhance their compliance with regulatory standards and protect consumer interests, thereby avoiding significant penalties and fostering trust.

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