FCA's high pressure mis-selling decision upheld

Sam Kenny was chief executive of Gracechurch Investments, a stockbroking firm that is now dissolved. The Financial Conduct Authority (FCA) found he led Gracechurch when it routinely mis-sold small-cap stocks through pressure, misrepresentation and unsuitable advice. Kenny used pressure selling techniques himself, the regulator said. He also withheld from the regulator a non-compliant sales call recording it had requested, deliberately caused Gracechurch's lawyers to provide the regulator false dates of meetings of a particular Gracechurch committee and misled the regulator about ho...