'Safe as houses': The lies of an ex-SJP man who promised the earth

'Safe as houses': The lies of the ex-SJP man who promised the earth

Laura Miller
clock • 3 min read

'Guaranteed' returns of up to 24% a year for a "safe as houses" investment was the line he spun investors. But when it all went wrong the regulator finally caught up with Peter Carron, who was today banned and fined £300,000. This is what happened...

    The culprit: Peter Thomas Carron was, at the time of the wrongdoing identified by the Financial Conduct Authority (FCA), a senior partner and investment adviser at St James's Place Wealth Management (SJP) and an approved person. But he had other ventures...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Advertising watchdog upholds complaint against car rental 'investment' firm

Advertising watchdog upholds complaint against car rental 'investment' firm

Second complaint to be upheld against the business in just over a month

Jen Frost
clock 07 May 2025 • 4 min read
FCA seeks feedback on cryptoasset trading regulation

FCA seeks feedback on cryptoasset trading regulation

Aims to build confidence in the sector

clock 02 May 2025 • 1 min read
Schroders becomes first to adopt all four SDR labels

Schroders becomes first to adopt all four SDR labels

Includes 'Sustainability Mixed Goals' label

Linus Uhlig
clock 27 January 2025 • 1 min read