FCA bans convicted fraudster from regulated activities

'Lacks honesty and integrity'

Jenna Brown
clock • 1 min read

A convicted fraudster has been banned from carrying out regulated activity by the Financial Conduct Authority (FCA) after failing to disclose he was under criminal investigation.

Matthew Creed failed to inform the regulator about his bankruptcy and disqualification as a company director, the FCA said. Creed was also convicted of dishonesty offences under the Insolvency Act 1986. The FCA said the company director "lacks honesty and integrity in respect of his dealings with the authority". Creed had been approved to carry out FCA regulated functions at AAA Management between January 2005 and December 2019. He was also the director of a company not regulated by the FCA, PEL, between January 2002 and April 2013. The FCA said that, between February and August 20...

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 must be 'more ambitious' on redress modernisation plans - PIMFA

FCA must be 'more ambitious' on redress modernisation plans - PIMFA

Watchdog should reconsider role of FOS and consolidate CMC regulation

Jenna Brown
clock 30 January 2025 • 3 min read
FSCS moves forward with claims against troubled Donre Advisory

FSCS moves forward with claims against troubled Donre Advisory

London advice firm went into liquidation in July last year

Isabel Baxter
clock 30 January 2025 • 2 min read
FCA and lawyers settle illegal care home investment scheme lawsuit

FCA and lawyers settle illegal care home investment scheme lawsuit

Scheme saw £57m taken from 380 investors

Jen Frost
clock 27 January 2025 • 3 min read