FCA bans adviser Paul Ulliott over handling stolen goods

Goods included silver tankards, swan candlesticks, and sterling silver salt

Isabel Baxter
clock • 1 min read

The Financial Conduct Authority (FCA) has banned former adviser Paul Ulliott after he handled stolen goods.

This decision was made by the regulator in a financial notice released yesterday (15 January). Until 21 April 2023, Ulliott was an authorised sole trader and was approved by the FCA to work within money laundering reporting from May 2016 to December 2019 and be a money laundering reporting officer between December 2019 and April 2023. He was also a director and executive director at Newland Pledge, a jewellers which he owned. On 17 December 2021, he was tried and convicted at Kingston-Upon-Hull Crown Court for handling stolen goods. On that day, Ulliott was sentenced to two years and ...

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 looking at child trust funds in closed book products review

FCA looking at child trust funds in closed book products review

Publication expected this year

Jen Frost
clock 26 February 2026 • 2 min read
Financial firms risk missing a golden opportunity in targeted support

Financial firms risk missing a golden opportunity in targeted support

'Targeted support’s success depends upon firm involvement'

Mark Glover
clock 24 February 2026 • 4 min read
Reality TV 'finfluencers' sentenced

Reality TV 'finfluencers' sentenced

Had combined Instagram following of 4.5 million

Jen Frost
clock 23 February 2026 • 2 min read