The FCA has banned Anthony Verrier, a former senior executive at BGC Brokers LP, from performing any function in relation to any regulated activity in the financial services industry.
The FSA published a decision notice against Mr Verrier in May 2012 indicating that it had decided to ban him (see below).
Mr Verrier referred the matter to the Upper Tribunal but withdrew his reference. The FCA based its decision on the findings of the High Court in Tullett Prebon plc (and two others) v BGC Brokers LP (and 13 others, including Verrier) [2010] EWHC 484 (QB), which indicated a lack of integrity.
The High Court found that Mr Verrier “departed from [the truth] with equanimity and adroitness where the truth was inconvenient.”
Copies of the
FCA’s final notice http://www.fca.org.uk/static/documents/final-notices/anthony-verrier.pdf
and
press release http://www.fca.org.uk/news/press-releases/fca-bans-former-bgc-senior-executive-anthony-verrier