In Focus: The FCA’s New Guidance on Non-Financial Misconduct

Published 13 Oct 2026, 13:00 UTC. Updated 13 Oct 2026, 15:30 UTC.

In Focus: The FCA’s New Guidance on Non-Financial Misconduct Latham & Watkins LLP

Directly affected

No company is named in this report.

Indirectly affected

JPM JPMorgan Chase
Bank profits move with lending and interest rates
BAC Bank of America
Bank profits move with lending and interest rates
WFC Wells Fargo
Bank profits move with lending and interest rates
C Citigroup
Bank profits move with lending and interest rates
GS Goldman Sachs
Bank profits move with lending and interest rates
MS Morgan Stanley
Bank profits move with lending and interest rates
XLF Financial Select Sector SPDR
A fund of financial companies
KBE SPDR S&P Bank
A fund of bank stocks
KRE SPDR S&P Regional Banking
Regional banks are sensitive to deposits and rates
FAS DIREXION DAILY FINANCIAL BULL 3X ETF
GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

Ticker	T-5	T-3	T-1	T0	T+1	T+2	T+3
JPM	-0.96%	-0.92%	—	-0.91%	+0.22%	+0.29%	+1.53%
BAC	-0.84%	-1.80%	—	-1.14%	-5.79%	-5.30%	-6.13%
WFC	—	—	—	—	—	—	—
C	-2.59%	-2.93%	—	-5.60%	-7.34%	-6.62%	-5.82%
GS	+0.35%	-1.38%	—	-0.25%	-1.74%	-0.35%	-1.54%
MS	—	—	—	—	—	—	—
XLF	—	—	—	—	—	—	—
KBE	+0.80%	+0.27%	—	-0.67%	-1.37%	+0.27%	+0.43%
KRE	—	—	—	—	—	—	—
FAS	—	—	—	—	—	—	—

In Focus: The FCA’s New Guidance on Non-Financial Misconduct Latham & Watkins LLP

Source: Latham & Watkins LLP

The price since 13 Oct 2026: Direxion Daily Financial Bull 3X Etf (FAS) versus the S&P 500

Since the first closing price after “In Focus: The FCA’s New Guidance on Non-Financial Misconduct,” Direxion Daily Financial Bull 3X Etf (FAS) is +3.00%. The S&P 500 fund (SPY) is -0.40% over the same days, a +3.39% difference versus the market.

Company	When	Move	Status
BAC	that day	-1.14%	final price
BAC	the next day	-5.79%	final price
BAC	two days later	-5.30%	final price
BAC	three days later	-6.13%	final price
BAC	three days earlier	-1.80%	final price
BAC	five days earlier	-0.84%	final price
C	that day	-5.60%	final price
C	the next day	-7.34%	final price
C	two days later	-6.62%	final price
C	three days later	-5.82%	final price
C	three days earlier	-2.93%	final price
C	five days earlier	-2.59%	final price
GS	that day	-0.25%	final price
GS	the next day	-1.74%	final price
GS	two days later	-0.35%	final price
GS	three days later	-1.54%	final price
GS	three days earlier	-1.38%	final price
GS	five days earlier	+0.35%	final price
JPM	that day	-0.91%	final price
JPM	the next day	+0.22%	final price
JPM	two days later	+0.29%	final price
JPM	three days later	+1.53%	final price
JPM	three days earlier	-0.92%	final price
JPM	five days earlier	-0.96%	final price
KBE	that day	-0.67%	final price
KBE	the next day	-1.37%	final price
KBE	two days later	+0.27%	final price
KBE	three days later	+0.43%	final price
KBE	three days earlier	+0.27%	final price
KBE	five days earlier	+0.80%	final price

FAS

SPY

Who is named in “In Focus: The FCA’s New Guidance on Non-Financial Misconduct”

Companies mentioned with this story

FAS Direxion Daily Financial Bull 3X Etf
In “In Focus: The FCA’s New Guidance on Non-Financial Misconduct,” Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
CGXU Capital Group International Focus - ETF
For “In Focus: The FCA’s New Guidance on Non-Financial Misconduct,” Capital Group International Focus - ETF (CGXU) is linked, with no stored direction, medium confidence. Reason on file: GA selected CGXU as a RELATED security because its canonical security name directly matches this event's themes: focus. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
FDIQ Invesco Bloomberg Financial Data Providers Etf
In “In Focus: The FCA’s New Guidance on Non-Financial Misconduct,” Invesco Bloomberg Financial Data Providers Etf (FDIQ) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIQ as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
JPEF JPMorgan Equity Focus - ETF
In “In Focus: The FCA’s New Guidance on Non-Financial Misconduct,” JPMorgan Equity Focus - ETF (JPEF) is linked, with no stored direction, medium confidence. Reason on file: GA selected JPEF as a RELATED security because its canonical security name directly matches this event's themes: focus. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
ONEV State Street Spdr Russell 1000 Low Volatility Focus Etf
State Street Spdr Russell 1000 Low Volatility Focus Etf (ONEV) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “In Focus: The FCA’s New Guidance on Non-Financial Misconduct.” Reason on file: GA selected ONEV as a RELATED security because its canonical security name directly matches this event's themes: focus. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
TBG Tbg Dividend Focus Etf
Tbg Dividend Focus Etf (TBG) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “In Focus: The FCA’s New Guidance on Non-Financial Misconduct.” Reason on file: GA selected TBG as a RELATED security because its canonical security name directly matches this event's themes: focus. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

How “In Focus: The FCA’s New Guidance on Non-Financial Misconduct” reaches Direxion Daily Financial Bull 3X Etf (FAS)

On 13 Oct 2026, “In Focus: The FCA’s New Guidance on Non-Financial Misconduct” is the story that connects Direxion Daily Financial Bull 3X Etf (FAS) to this story.

The link for Direxion Daily Financial Bull 3X Etf (FAS) is this: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Capital Group International Focus - ETF (CGXU) is here too. Its reason reads: GA selected CGXU as a RELATED security because its canonical security name directly matches this event's themes: focus. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates in the story, and the Direxion Daily Financial Bull 3X Etf (FAS) price range

CGXU traded between 32.44 and 35.85 across 20 sessions. The latest close on file is 32.58. FAS traded between 136.16 and 161.95 across 20 sessions. The latest close on file is 152.93. FDIQ traded between 67.46 and 71.98 across 3 sessions. The latest close on file is 71.98.

How solid “In Focus: The FCA’s New Guidance on Non-Financial Misconduct” looks

46 out of 100

“In Focus: The FCA’s New Guidance on Non-Financial Misconduct” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.