The Financial Conduct Authority has banned former Vector Wealth CEO Jeffrey Dawkins after he “dishonestly” acted as a front for a disqualified director using the company to sell high-risk bonds.
Dawkins has also been fined nearly £270,000 for his actions. In 2019, Dawkins sold Vector Wealth to a disqualified director who described himself as CEO and wanted to use Vector Wealth's FCA-authorised status to sell mini-bonds. The disqualified director was banned from acting as a company director for 12 years in August 2014. Dawkins told the FCA he was still in charge, but the new "CEO" was really running the firm, according to the regulator. This deception then allowed the disqualified director to promote mini-bonds using the legitimacy of the firm to make them appear safer ...
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