Ex-UBS wealth manager banned and fined £150k for lack of integrity

Jaspreet Singh Ahuja was a client adviser within UBS's international wealth management business in London. The FSA found he was in breach of Principle 1 of the FSA's Statements of Principles and Code of Conduct for Approved Persons (APER) and for not being a fit and proper person. Ahuja is prohibited from performing any function in relation to any regulated activity in the financial services industry. Between 1 January 2006 and 30 January 2008 he used a pre-existing investment structure to enable an Indian resident customer (via an investment fund incorporated in Mauritius) to bre...