FCA plans to fine IFA £290k for catalogue of investment failings

Laura Miller

The Financial Conduct Authority (FCA) is seeking to ban and fine an adviser £290,000 for a series of failings, including that he falsified the signatures of two clients to register them as 'sophisticated' investors.

The FCA said it uncovered a string of bad behaviour dating from 2005 to 2010 when they investigated Paul Reynolds, adviser at firm Aspire, which has not been authorised since July last year and was previously...

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