FCA moves to ban and fine Tailormade CEO Burns

The regulator imposed a £233,600 fine on Burns and wants to ban him from performing any senior management or significant influence function in relation to regulated activity in financial services. However, Burns referred the decision to the Upper Tribunal, which will now determine the appropriate action for the FCA to take. The FCA alleged Burns had failed to ensure Tailormade provided suitable advice to its clients, as well as fairly managing conflicts of interest relating to him and others at the firm. It had already banned and fined ex-directors Lloyd Pope and Peter Legerton la...