Arch Cru's poisoned chalice: the failings that led to Danner's FSA ban

As well as being the co-founder of Cru, Danner was also director of SD Asset Management (SDAM), an IFA firm. Danner's straddling of these two roles - and how he managed the interplay between them - are what have landed him in career-ending trouble. According to the regulator's final notice, Danner breached a number of FSA principles, failings that should act as a warning to all IFAs. Failing 1 He failed to ensure that SDAM had adequate arrangements to check before appointment that its appointed representatives (ARs) - including Cru - were solvent, otherwise fit and proper, and suita...