FCA bans disgraced 'celebrity adviser' after sexual assault conviction

‘Adviser to the stars’

Jenna Brown
clock • 2 min read

A former adviser jailed in 2018 for violent and sexual offences has been banned from operating in financial services by the Financial Conduct Authority (FCA).

Frank Cochran, who founded Celebrity Financial Planning in 2007, was sent to prison after being convicted of sexual assault, coercive behaviour and harassment. The Wolverhampton-based firm, which featured in the financial press in the late 2000s, was deauthorised on 11 July last year and is now in administration. Cochran was authorised from January 2006 to April 2018. Reports from the time state the firm worked with actors, sportspeople and reality TV stars. It also worked with football club Wolverhampton Wanderers. All the offences took place in 2016. Cochran was handed a seven-ye...

To continue reading this article...

Join Professional Adviser

  • 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

Treasury Committee chair Harriett Baldwin has tabled an amendment to the Financial Services and Markets Bill that could see the creation of a personalised financial guidance regime in the UK.

Harriett Baldwin tables 'personalised guidance' amendment

Firms could give guidance without straying into regulated advice

Jenna Brown
clock 25 November 2022 • 2 min read
What the regulator's ESG 'label regime' means for advisers

What the regulator's ESG 'label regime' means for advisers

Aims to improve trust in sustainable investment products

Alexander McGregor
clock 25 November 2022 • 3 min read
FSCS predicts drop in overall levy to £478m for 2023/24

FSCS predicts drop in overall levy to £478m for 2023/24

Levy for 2022/23 to remain at forecast £625m

Jenna Brown
clock 24 November 2022 • 2 min read