The Financial Conduct Authority has removed permissions from two more credit brokers suspected of offering investments as concern grows about a network of credit brokers misusing their permissions.

The FCA has barred another credit broker suspected of offering investments as concern grows about a network of credit brokers misusing their permissions.

The FCA has issued a warning to consumers about credit broker Grosvenor Associates Ltd which may have been one of a number of credit brokers offering unauthorised investments to clients.