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

Three key areas of regulatory focus for the advice profession

Three key areas of regulatory focus for the advice profession

'The only constant is change and this is certainly true for regulation'

Alex McGregor and Kris Armstrong
clock 24 May 2024 • 5 min read
2024 general election: Clients urged to avoid 'knee-jerk' reactions

2024 general election: Clients urged to avoid 'knee-jerk' reactions

‘Focusing on the long term will help avoid value destructive decisions’

Professional Adviser
clock 24 May 2024 • 1 min read
Prime minister Rishi Sunak calls general election for 4 July

Prime minister Rishi Sunak calls general election for 4 July

'The question now is how and who do you trust'

Cristian Angeloni
clock 22 May 2024 • 1 min read