The Financial Conduct Authority has banned an ex-financial adviser Shruti Patel who stole £169,000 and operated in the sector under six aliases.

The FCA has today banned indefinitely two directors of an IFA firm for their roles in submitting “false and misleading information” about customers’ high net worth status when making SIPP applications.

The FCA has decided to permanently ban the mass-marketing of speculative illiquid securities, including speculative mini-bonds, to retail investors.

The FCA has banned a rogue financial adviser who cheated dozens of victims, many of them vulnerable, and is now serving an eight year sentence in prison.