The Financial Conduct Authority (FCA) has had its attempt to ban a director of failed investment firm Catalyst rejected.
FCA fines totalling more than half a million pounds were levelled against the firm's former CEO Timothy Roberts and director Andrew Wilkins in August 2013. Fines of £450,000 and £50,000 were upheld against the pair, respectively, by the Upper Tribunal in August 2015 after the duo appealed the FCA's decision. The Tribunal also decided to uphold the FCA's decision to ban Roberts from working in any role in financial services. But it rejected the FCA's allegation that Wilkins is not fit and proper, meaning the FCA's attempt to also have him banned from working in financial services ha...
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