UK financial regulator the Financial Conduct Authority (The FCA) has decided to prohibit Tom Hayes from performing any function in relation to any regulated activity in the financial services industry. The FCA considers that Mr. Hayes is not a fit and proper person as a result of his conviction for conspiracy to defraud in relation…
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The FCA has today banned two individuals from performing any function in relation to any regulated activity in the financial services industry. On 22 November 2013, Richard Aston Clay and Kathryn Joy Clark were charged with dishonesty offences by the Serious Fraud Office and Nottinghamshire Police. The offences committed by Mr Clay and Ms Clark…
Read moreThe Financial Conduct Authority (FCA) has today fined Towergate Underwriting Group Limited (Towergate) £2,632,000 for failings in relation to its protection of client and insurer money. Towergate, an insurance intermediary which holds both client and insurer money, accumulated a shortfall of £12.6 million in its client and insurer money bank accounts which, due to systems…
Read moreThe UK Financial Conduct Authority (FCA) today announced the imposition of a ban on Paul White, a former a Japanese Yen (JPY) and Swiss Franc (CHF) LIBOR submitter at Royal Bank of Scotland Group plc (LON:RBS). Mr White is banned from performing any function in relation to any regulated financial activity. The FCA has ruled…
Read moreUK financial regulator The Financial Conduct Authority (FCA) has banned Michael Ross Curtler, a former FX trader at Deutsche Bank AG, from the UK financial services industry for lacking honesty and integrity following a criminal conviction for fraud in the US. Last October Mr. Curtler pleaded guilty before a US District Court in New York for his role…
Read moreVerrier has previously worked for two active players in institutional forex UK regulator FCA has announced in a press release that the Authority has decided to permanently ban from the financial services industry Anthony Verrier who held a senior executive position at BCG Partners. According to the regulator there are serious concerns over Mr Verrier’s…
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