FCA bans adviser for 24 counts of fraud

The Financial Conduct Authority (FCA), the British regulatory body, has banned a financial adviser following prosecution on 24 counts of fraud.

The adviser, Alok Dhanda, who was sentenced to prison in 2014 and was released in February 2017, was found guilty of scamming £2.6m from 41 people. Dhanda carried out his fraud over a period of seven years, according to various reports.

The FCA’s ruling means he is barred from conducting any regulatory activity. For much of his career as a financial adviser, Dhanda worked for TenetConnect, the financial services firm headquartered in Leeds, England.

ABOUT THE AUTHOR
Christopher Copper-Ind
Christopher Copper-Ind is Editor of International Investment.

Read more from Christopher Copper-Ind

preloader
Close Window
View the Magazine





You need to fill all required fields!