FCA Enforcements May 2022
Topic: FCA refuses authorisation to regulatory consultancy firm Alexander Jon Compliance Consulting Limited. Date: 13/05/2022 Overview: The Financial Conduct Authority (FCA) has refused to authorise Alexander Jon Compliance Consulting Limited (AJCC) to provide regulatory hosting services. This is a service...
FCA Enforcement – April 2022
Subject of Enforcement: Alexander David Securities Limited Date of Notice: 29/04/2022 Overview: FCA stops Alexander David Securities Limited disposing of assets without permission The FCA has imposed requirements on corporate advisory firm, Alexander David Securities Limited (ADSL), which means it...
FCA Enforcement – March 2022
Subject of Enforcement: Former Redcentric CFO sentenced to five and a half years imprisonment Date of Notice: 03/03/22 Overview: Former Redcentric Plc CFO, Tim Coleman, was sentenced to five and a half years imprisonment and disqualified from being a director...
FCA Enforcement – February 2022
Subject of Enforcement: Barclays Bank PLC Date of Notice: 28th February 2022 Overview: The Financial Conduct Authority has fined Barclays Bank Plc (Barclays) £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s...
FCA Enforcement – January 2022
Subject of Enforcement: Morgan Ingram Associates Limited (formerly SeedTribe Limited) Date of Notice: 28th/ 01/2022 Overview: The FCA instructed that the Firm must terminate its relationships with the following Appointed Representatives (“ARs”) under their respective AR agreements by 17:00 on 6...
FCA enforcement – December 2021
Topic: Craig Whyte appears at court for failing to provide key passwords for seized devices Subject of Enforcement: Craig Whyte Date of Notice: 22/12/2021. Overview: Craig Whyte appears at court for failing to provide key passwords for seized devices In a...
FCA enforcement – November 2021
Topic: FCA fines Sunrise Brokers LLP £642,400 for serious financial crime control failings in relation to cum-ex trading. Subject of Enforcement: Sunrise Brokers LLP Date of Notice: 12/11/2021. Overview: This is the second case brought by the FCA in relation...
FCA enforcement – October 2021
Topic: NatWest Plc pleads guilty in criminal proceedings Subject of Enforcement: Natwest Bank PLC Date of Notice: 07/10/21 Overview: Today, National Westminster Bank Plc (NatWest) entered guilty pleas at Westminster Magistrates’ Court to criminal charges brought by the Financial Conduct Authority...
FCA enforcement – September 2021
Topic: FCA prohibits IFA and mortgage adviser for fitness and propriety failings Subject of Enforcement: Mr Anthony George Date of Notice: 24th September 2021 Overview: The FCA has prohibited financial advisor Anthony George from performing any regulated activity in the financial...
FCA enforcement – August 2021
Topic: Failure to satisfy the Suitability Threshold Condition Subject of Enforcement: Cavendish Incorporated Limited Date of Notice: 2 August 2021 Overview: Since March 2021, the Authority has received reports from eight consumers claiming to have invested substantial funds in bonds or...