The Financial Conduct Authority (FCA) has fined and banned Craig Buchan and Martin Cooke for “recklessly” breaching requirements.
Former partners of MedDen Financial Services LLP (MedDen) Buchan and Cooke have been fined £6,037 and £6,020 respectively and banned by the watchdog for breaching an asset requirement imposed on the firm. MedDen provided financial advisory services, largely to the medical and dental community. This included advice on investments, pensions, insurance, mortgages and home finance. The FCA imposed an asset requirement on MedDen, meaning the firm could not diminish the value of any of its own assets. The regulator said the asset requirement was imposed to safeguard MedDen's assets for the ...
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