City Index Ltd fined £35,000 for misleading financial promotions

Ah well, we all make mistakes....

"FSA/PN/030/2005
23 March 2005
The Financial Services Authority (FSA) has fined City Index Ltd £35,000 for producing misleading financial promotions for spread betting and contracts for differences (CFDs) between September and November 2003. The firm has also been fined for failures in its systems and controls that allowed the promotions to be distributed."


And what's this ? -

http://www.cityindexadvisory.com/
"City Index Advisory Limited is an advisory and execution service which is authorised and regulated by the Financial Services Authority. This service is not available to private clients as defined by the Financial Services Authority (FSA) Conduct of Business Rules.

"This website is issued by City Index Limited (CI) on behalf of City Index Advisory Limited (City Index Advisory) and is directed only at those investors who are classified for the purposes of the FSA rules as intermediate or market conterparties and City Index Advisory's services shall only be available to such persons. The contents of this site may not be relied upon by any person who is not entitled to use the services."