FCA Bans Compliance Officer for Life
The Financial Conduct Authority has banned Mr Peter Johnson, former compliance officer of Keydata Investment Services Ltd, from performing any function in relation to any regulated financial activity and publicly censured him. Were it not for Mr Johnson’s serious financial hardship, the FCA would have fined him £200,000.
Compliance Officers can often be faced with difficult decisions but this case demonstrates what can happen to those who fail to take heed of advice given by professionals.
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