FCA cancels adviser's permissions for failing to submit returns

The regulator ruled Nineveh Advisory, which is described as a 'designated investment business with advisory permissions', was not managed properly and did not conduct itself in a "sound and prudent manner". It therefore failed to satisfy the FCA's suitability threshold condition, the regulator said in a final notice published on 13 January. The business was issued a warning notice on 5 November followed by a decision notice on 28 November and has not appealed the regulatory action. The FCA alleged London-based Nineveh had failed to submit its balance sheet, income statement and cap...