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MILAN, Dec 12 (Reuters) - Shares in Hargreaves Lansdown and AJ Bell were among the leading losers in early London trade on Tuesday after Britain's market watchdog expressed concerns about the amount of interest and fees charged by some investment platforms.
The Financial Conduct Authority (FCA) said on Tuesday said it had written to 42 firms warning it could intervene to ensure fair value. The regulator said it had told the platforms to cease this practice. Platforms have been given until February 29 to make any changes.
Hargreaves Lansdown was last down 6.5% and AJ Bell was down 7.3%. The FTSE 350 index added 0.4%. Other shares in the sector were less impacted. St. James's Place was down 0.7%. (Reporting by Danilo Masoni; Editing by Amanda Cooper)
