Former London Capital & Finance director handed £31,800 fine

Floris Jakobus Huisamen ‘recklessly signed off hundreds of promotions’

Hope Coumbe
clock • 1 min read

A former director of London Capital & Finance (LCF) has today (13 February) been banned from working in financial services and handed a £31,800 fine.

The Financial Conduct Authority (FCA) said Floris Jakobus Huisamen "recklessly signed off hundreds of promotions" while working at the disgraced mini-bond provider which contributed to thousands of investors being misled. The watchdog said the financial promotions signed off by Huisamen "presented a misleading picture" as well as making mini-bonds "appear a far more attractive investment than they were". "Huisamen signed off these financial promotions despite his own concerns about LCF's strategy," it stated. "He failed to provide proper scrutiny or sufficiently challenge senior manag...

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 to cut red tape for investment firms in bid to streamline regulation

FCA to cut red tape for investment firms in bid to streamline regulation

Volume of legal text cut by 70%

Linus Uhlig
clock 24 April 2025 • 2 min read
Zero cases of non-financial misconduct opened by FCA in two years

Zero cases of non-financial misconduct opened by FCA in two years

A Freedom of Information request has found

Cristian Angeloni
clock 22 April 2025 • 3 min read
Emma Reynolds: Targeted support is 'exciting opportunity' but 'we need to get it right'

Emma Reynolds: Targeted support is 'exciting opportunity' but 'we need to get it right'

‘Need strong consumer protection in place’

Jenna Brown
clock 22 April 2025 • 3 min read