United Kingdom: FSA prohibits an individual
Posted by nileshkokane on 9 November, 2010
Comments Off
This item was filled under [ Europe, Financial Regulators ]
On November 03, 2010 the Financial Services Authority (FSA) published that it has has taken the following disciplinary action in relation to Alan Stuart Hill: (a) Pursuant to section 56 of the Financial Services and Markets Act 2000, the FSA made a prohibition order preventing Mr Hill from performing any function in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm and (b) Pursuant to section 66(2)(b) of the Act the FSA imposed a financial penalty of £150,000 on Mr Hill as an individual for being knowingly concerned with a contravention by Firm A of Principle 1 (a firm must conduct its business with integrity) of the FSA’s Principles of Businesses.
English