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 […]

How much can advisers really be expected to know about problem investments before they turn sour? Keydata and Arch cru collapsed separately six years ago, but important new details about who and what caused the multi-million pound failures are still filtering out. Advisers were among the first to be blamed, if not for causing the […]

As we all know Approved persons should be open and co-operative with their regulators – and this has been highlighted by the FCA’s recent enforcement action against Craig McNeil, former Keydata finance director. Whilst the FCA has occasionally taken action against individuals for breaches of Statement of Principle 4 (‘Prin 4’) of the Statements of […]