City Watchdog Bans Exec For Providing Unqualified Advice
Law360, London (April 15, 2021, 3:50 PM BST) -- Britain's finance watchdog said on Thursday that it has fined the director of a small financial advisory firm and banned him from working in the sector for misrepresenting his qualifications so that he could provide investment advice to retail customers.
Simon Varley, a director at Dickinsons Financial Management Ltd., was fined £68,300 ($94,000) after he was found to have lied to his colleagues, telling them that he had passed the relevant exams required for him to advise clients, the Financial Conduct Authority said.
The City watchdog added that it has banned Varley from carrying out regulated activity for failing to act...
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