CRA was asked by the ABI to conduct research into the market impact of encouraging Customer Agreed Remuneration (CAR) as a method for determining intermediary remuneration for financial advice. The objective was to assess its impact on actual or perceived bias resulting from the current remuneration models, and whether it encourages additional saving and greater provision of advice.
Layered orders and spoofing allegations
Spoofing charges made headlines recently when jurors in an Illinois court convicted two former JP Morgan precious metals traders, Gregg Smith and Michael...