Nic Cicutti: FCA must bring an end to vertical integration scam

Nic Cicutti: FCA must bring an end to vertical integration scam
The regulator knows the model is often used to extract money from hapless investors who lose out unnecessarily
By
Nic Cicutti
7
th May 2021
10:12 am
One thing I always find intriguing after many years writing on finance is the way this industry manages to come up with fancy new terms for old and discredited activities that should have been binned decades ago. It might even be comical were it not for the fact these things usually end in tears for millions of savers.
The ‘new’ old term this time is ‘vertical integration’, defined in a recent

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