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Former chief executive banned after misconduct led to £4m losses in high-risk investments

The FCA has banned Jeffrey Dawkins, the former chief executive of Vector Wealth Ltd, after he dishonestly acted as a front for a disqualified director using the company to sell high-risk bonds. Mr Dawkins has also been fined nearly £270,000.In 2019, Mr Dawkins sold Vector Wealth to a disqualified director who described himself as CEO and wanted to use Vector Wealth’s FCA-authorised status to sell mini-bonds.Mr...

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Qué ocurrió

The FCA has banned Jeffrey Dawkins, the former chief executive of Vector Wealth Ltd, after he dishonestly acted as a front for a disqualified director using the company to sell high-risk bonds. Mr Dawkins has also been fined nearly £270,000.In 2019, Mr Dawkins sold Vector Wealth to a disqualified director who described himself as CEO and wanted to use Vector Wealth’s FCA-authorised status to sell mini-bonds.Mr...

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The decision may change compliance obligations, market access or operating costs for FCA.

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1 articulos · 1 informe original · 1 independientes

  1. Financial Conduct AuthorityFuente primaria · Respalda · EN · 100%
    Former chief executive banned after misconduct led to £4m losses in high-risk investments ↗

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