FCA Bans Credit Broker For Misleading Investment Advice

By Lucia Osborne-Crowley (November 16, 2021, 3:47 PM GMT) -- The City watchdog has banned a credit broker from offering its services in the U.K. after receiving complaints from consumers about the company making misleading statements and offering investment services without permission.

The Financial Conduct Authority said on Monday that it has rescinded its authorization of Marvell Enterprises Ltd., which was given permission in early 2021 to act as a credit broker in the U.K. market.

The regulator later learned that Marvell was giving out false information about its FCA authorization and about the level of protection investors would receive from the Financial Services Compensation Scheme, which is the U.K.'s lifeboat...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!