The FCA has banned Mark Kelly, who provided financial services to UK customers under the name PCD Wealth and Pensions Management (PCD), and Patrick Gray, one of his advisers, holding that both showed a lack of integrity. Between 2008 and 2010 PCD arranged for over 350 customers to be advised and invested nearly £24 million […]

The FCA has banned and publicly censured former Keydata compliance officer Peter Johnson for failing to act with integrity and misleading the FCA. Johnson had lodged an appeal with the Upper Tribunal against the regulatory action, but has since withdrawn his appeal. Upper Tribunal cases will still be held in relation to former Keydata chief […]

The FCA has banned Mr Peter Johnson, former compliance officer of Keydata Investment Services Ltd (Keydata), from performing regulated activities in the UK. This follow the FCA’s publication of decision notices against Mr Johnson, the former CEO and former sales director at Keydata Were it not for Mr Johnson’s serious financial hardship, the FCA would […]

The Financial Conduct Authority (FCA) has today published a Decision Notice in respect of Mr Arif Hussein, formerly a derivatives trader at UBS in London. This sets out the FCA’s finding that Mr Hussein is not a fit and proper person and its decision to prohibit him from any role in regulated financial services. Mr […]

On 26 October 2015, the FCA published the final notice it has issued to Magnus Peterson, a director at Weavering Macro Fixed Income Fund Ltd, prohibiting him from performing any function relating to any regulated activities following his conviction for fraud. http://www.fca.org.uk/static/documents/final-notices/magnus-peterson.pdf In January 2015, Mr Peterson was convicted of eight counts of fraud, forgery, […]

A former BlackRock (BLK.N) investment manager has become only the second person to be banned for personal dishonesty by Britain’s financial watchdog after he was caught dodging fares worth 43,000 pounds on his daily commute into London. When the story broke in April, British newspapers quoted commuters angry that an anonymous hedge fund manager dubbed […]

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 […]