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FCA fines investment company £6m

Simon Read
Thursday 06 June 2013 01:07 BST
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The investment company Sesame has been fined £6m by the Financial Conduct Authority for giving poor advice and having lax controls.

It also fined the firm for failings over advising 426 customers to invest more than £6.1m with the collapsed Keydata. Sesame did not properly monitor representatives between 2005 and 2009.

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