UK regulator bans financial adviser for dishonesty

Mark Battersby
clock • 2 min read

The UK's Financial Conduct Authority has banned Simon Varley from working in financial services and fined him £68,300. The regulator said in a notice on 15 April that he "knowingly performing a controlled function without approval and for providing investment advice to retail customers when he knew he was not qualified or approved to do so". The FCA also found that Varley failed to act with integrity as a Director (CF1) and Compliance Oversight (CF10) controlled function (CF) holder and is therefore not a fit and proper person. Varley worked at Dickinsons Financial Management Limit...

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