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Rathbones shares plunged 16.1% in early trading on Tuesday after an FCA-ordered "skilled person review" uncovered compliance failures across the FTSE 250 wealth manager's UK business, forcing it to freeze thousands of client accounts and pause new high-risk onboarding for a year. The move hits the firm's most valuable customers — enhanced due diligence clients whose gross inflows totalled roughly £370m last year...
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