The Financial Conduct Authority (FCA) has banned jailed adviser David King who is currently serving a six-year and four-month sentence for crimes of fraud and theft.
King, who ran his own advice business DNK Wealth Management, was sentenced in 2019 after pleading guilty to three counts of theft, one count of fraud by fault representation and one county of acquiring, using and possessing criminal property. The sentence was handed down at Sheffield Crown Court after King admitted to stealing £608,000 from his victims. The FCA delivered him a notice notifying him of the intention to ban him from carrying out any regulated activities. King did not refer the matter to a tribunal within 28 days of receiving the notice. As a result, the FCA has taken ...
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