FCA Fines Broker £4M For Misrepresenting Owner Conflicts

FCA Fines Broker £4M For Misrepresenting Owner Conflicts

The U.K. Financial Conduct Authority fined Bluefin Insurance Services Ltd. more than £4 million ($5.3 million) on Wednesday for purporting to offer "truly independent" advice, despite being owned by AXA U.K. PLC, and for failing to manage conflicts arising from that arrangement.

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