FSA bans adviser for false references

Ian Orbart was hit with a final notice today prohibiting him from performing any function in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm. The FSA said he was "not a fit and proper person" because his conduct had demonstrated a lack of honesty and integrity. It explained how he had been dismissed from a previous employer for dishonesty, but failed to disclose this to another firm when applying for a job, and also to the FSA when he was seeking approval to performed controlled functions. Furthermore, he obtained a ...