FCA fines and bans former SVS Securities CEO
The FCA has banned Demetrios Hadjigeorgiou from working in senior management positions in financial services and fined him £56,400. Mr Hadjigeorgiou was the former director and chief executive officer (CEO) of SVS Securities Plc (SVS), a discretionary fund manager.The FCA found that Mr Hadjigeorgiou failed to properly manage SVS and protect its customers’ interests.While he was CEO, the firm invested customers’...
What happened
The FCA has banned Demetrios Hadjigeorgiou from working in senior management positions in financial services and fined him £56,400. Mr Hadjigeorgiou was the former director and chief executive officer (CEO) of SVS Securities Plc (SVS), a discretionary fund manager.The FCA found that Mr Hadjigeorgiou failed to properly manage SVS and protect its customers’ interests.While he was CEO, the firm invested customers’...
Why it matters
The decision may change compliance obligations, market access or operating costs for FCA.
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1 reports · 1 original report · 1 independent
- Financial Conduct AuthorityPrimary source · Supports · EN · 100%FCA fines and bans former SVS Securities CEO ↗
Claims
- FCA fines and bans former SVS Securities CEO Observed
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No material conflict detected in the available evidence.
Timeline
- First reported
- Primary source · 79/82%
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