FCA Seeks To Ban Adviser Over Risky Pension Investments

Law360, London (December 1, 2016, 3:35 PM GMT) -- The U.K. Financial Conduct Authority on Thursday moved to ban and fine the former chief executive of now-defunct advisory firm TailorMade Independent Limited for failing to ensure his firm provided suitable advice to pension clients.

The financial regulator is seeking to fine Alistair Burns £233,600 ($294,823) and ban him from holding any senior management position in financial services over allegations he lacked the competence to ensure suitable advice was provided by TailorMade.

“Mr. Burns failed to ensure that TMI provided suitable advice to its clients and...
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