The FCA revealed it has decided to vary the permission granted to Frensham Wealth Limited by removing all regulated activities from the firm with immediate effect after its sole director Jon Frensham (formerly Jonathan James Hunt) was convicted for child grooming in 2017.
Frensham was convicted of attempting to meet a child following sexual grooming, an offence he committed while he was an approved person. Following the conviction in March 2017, Frensham was sentenced to 22 months in prison, and suspended for 18 months. The IFA is the sole director at Frensham Wealth Limited. The financial adviser was banned by the Financial Conduct Authority in March 2021 for lacking the integrity to work in financial services after being convicted of child grooming. The regulator said Frensham Wealth must, by 4pm on 6 December 2021, notify all customers in writing of...
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