FCA bans ex-adviser after fraud conviction

Newcastle-based Alok Dhanda was CF30-approved from 2007 to 2013, but has now been banned from performing any function in relation to any regulated activity by the Financial Conduct Authority (FCA). He was CF7 (sole trader) and CF21 (investment adviser) approved from 2001 to 2007. His final notice from the FCA said he "made false representations to several people which were and which he knew were or might be untrue or misleading, namely that monies transferred to him by these people would be invested in property in India and/or were bona fide loans". Dhanda did not refer the ban to ...