In this era of record fines and with a broad range of non-monetary enforcement tools at the regulators’ disposal the risks to the financial services professional appear to be ever increasing. However, the Financial Services and Markets Act 2000 does contain a number of vital checks and balances to guard against bad decisions by the […]
Read MoreRegulatory sanction should be commensurate with the actual misconduct found, as opposed to the misconduct alleged and not found, or partially found
Angela Burns v The Financial Conduct Authority (previously the Financial Services Authority) [2015] UKUT 0252 (TCC) – Upper Tribunal finds FCA sanction was not commensurate with facts found proved by FCA (then the FSA) and reduces financial penalty imposed Conflict of interests Angela Burns was an FCA regulated Approved Person holding Controlled Function 2 (“CF2”) […]
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