FCA moves to ban former Barclays Wealth director for 'reckless' misconduct

He misled the firm's board

Carmen Reichman
clock • 3 min read

The Financial Conduct Authority (FCA) has banned former Barclays Wealth and Investment Management chief operating officer (COO) Andrew Tinney for misleading the firm's board and preventing the circulation of a damning report into culture at the firm.

The regulator moved to ban Tinney from carrying out any senior management or significant influence functions in any regulated financial services provider. However, Tinney, who left Barclays Wealth in early 2013, disputes the findings and referred the regulatory action to the Upper Tribunal. The regulator alleged Tinney had prevented the board from accessing a damning third party report about the culture and upper management at American branch Barclays Wealth Americas (BWA). The report had called for some members of BWA's senior management to be replaced after it found "BWA had purs...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA looking at child trust funds in closed book products review

FCA looking at child trust funds in closed book products review

Publication expected this year

Jen Frost
clock 26 February 2026 • 2 min read
Financial firms risk missing a golden opportunity in targeted support

Financial firms risk missing a golden opportunity in targeted support

'Targeted support’s success depends upon firm involvement'

Mark Glover
clock 24 February 2026 • 4 min read
Reality TV 'finfluencers' sentenced

Reality TV 'finfluencers' sentenced

Had combined Instagram following of 4.5 million

Jen Frost
clock 23 February 2026 • 2 min read