SVS Securities CEO banned and fined

Hadjigeorgiou was CEO and director of discretionary fund manager SVS Securities.  The FCA said Hadjigeorgiou had failed to properly manage SVS and protect its customers' interests.   It explained that while he was in charge of the DFM, it invested customers' money, including pension savings, "in high-risk products while receiving significant payments from the companies that issued them".   It added that Hadjigeorgiou also failed to challenge a decision that reduced the value of customers' bond investments by 10% when they decided to sell them.  The FCA said this move had generat...