Discover and read the best of Twitter Threads about #APG
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@ArmitageJim @premnsikka 1/ @TheFCA authorised Insurance Broker Alsford Page & Gems Limited (“#APG”) censured + ordered to compensate customers £400k.’ (fca.org.uk/news/press-rel…). But this is not just about the FCA’s notorious ‘extended warranty insurance’ cesspit & ...
2/ cold calling cowboys ... it’s also about the porous nature of the FCA’s pitifully small regulatory perimeter - i.e. it’s Appointed Rep. regime (aka the regulatory catflap) - a large chunk of the FCA register where the FCA has no clue who or what firms are A.R.’s + ... 
3/ what they are doing. We’ve seen before notorious fraudsters & alleged ex-cons authorised via the ‘regulatory catflap’ (eg ). The FCA gave scant detail, merely stating APG had packaged ‘appliance warranty insurance’, appointed 6 ‘A.R.’s ...
