The Upper Tribunal has upheld the FCA's decision to ban and fine TailorMade chief executive Alistair Burns but has reduced his financial penalty to £60,000.
The tribunal backed the Financial Conduct Authority's (FCA) decision to ban Burns for a "fundamental lack of competence". It also upheld the regulator's fine but reduced it to £60,000. The FCA originally...
EIS and Seed EIS sectors
'Truly making a difference'
Avoidance, evasion and non-compliance
From 6 April 2019