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FCA work in review September 29-October 6, 2025

FCA montage
GRIP Montage: FCA

Our regular roundup of FCA activity.

Ponzi scheme mastermind fined and mortgage rules reviewed.

Enforcement

The FCA has sentenced Daniel Pugh, 35, to seven years and six months in prison and disqualification from being a company director for eight years, for his involvement in a Ponzi scheme that generated £1.3m ($1.75m).

Working with another unnamed individual, Pugh