Adviser banned by FSA for UCIS failings

The FSA announced plans to ban Stephen Hocking, an adviser at Pave Financial Management, in November last year. The regulator wanted to ban him, and his business partner Tim Pattison, but the pair appealed to the Upper Tribunal. However, Pattison died before the case was heard. In its final notice on the matter, the FSA said he had decided to withdraw the appeal after his colleague's death. Pattison was originally liable for a £90,000 fine. The FSA also wanted £25,000 from Hockling for his misconduct but it decided not to impose the penalty as it would cause him "serious financial har...