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LittleBearWatchingTheMarket

2026-04-24 08:08:01

The client didn't manage the funds well, and in the end, they still have to pay out of pocket to cover the costs, with compliance expenses unavoidable.

View Original

CryptoFrontier2026-04-24 08:02:08

FCA Censures Sapia, Orders £19.6M Payment to WealthTek Clients

The Financial Conduct Authority (FCA) has censured Sapia and required the firm to pay £19.6 million to clients of WealthTek following an investigation into inadequate client money safeguards. The payment, comprising £19.1 million to WealthTek's administrators and £500,000 to the Financial Services C

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