1. Tim Howarth, Head of Financial Services Consulting and Risk Consulting at KPMG, has left the company following an internal investigation into his conduct. Howarth was previously a senior manager at the FCA’s predecessor, the Financial Services Authority (FSA). 2. Howarth, who had worked for KPMG for 15 years, was investigated over allegations of misconduct […]

The way Facebook interacts with users is “unfair, deceptive and misleading”, according to a complaint lodged with US regulators. The Federal Trade Commission was told the company had failed to protect the privacy of those in patient health and other groups. Some users may have been exposed to “life-threatening privacy violations”, the complaint says. Facebook […]

The way financial services companies use social media is being highlighted by public relations consultants in the light of guidance published by the UK Financial Conduct Authority. And the Guernsey Financial Services Commission is to make a move in this area following discussions with the Channel Islands branch of the Chartered Institute of Public Relations. […]

Following an earlier consultation the FCA has issued final guidance on its supervisory approach to financial promotions in social media. The guidance contains: •  Examples of acceptable and unacceptable financial promotions; •  Examples of when a firm would and would not be responsible for how its financial promotions are used by recipients; and •  Description […]

PRIVACY IMPACT ASSESSMENT: HOW TO RESPECT PRIVACY IN A SOCIAL MEDIA INVESTIGATION – by Ben Wright – Privacy on the Ascendancy Social networks like Facebook hold so much information about our thoughts, our behavior, our relationships that official investigations naturally seek to uncover it. But as technology collects more data, powerful voices are championing greater […]