Half million pound FCA fines against Catalyst directors upheld

The Financial Conduct Authority (FCA) made enforcement decisions against Timothy Roberts and Andrew Wilkins in August 2013, including that Roberts be banned from working in any role in financial services, with Wilkins subject to a partial ban. They were fined £450,000 and £100,000 respectively. Unhappy with the decisions, Roberts, former chief executive of Catalyst, and ex-compliance director Wilkins, took their case to the Upper Tribunal. But they have fared little better there, with the Tribunal deciding to uphold all of the FCA's enforcement decisions against Roberts, and fine Wilkins...