The FCA has banned indefinitely five individuals involved in an illegal investment scheme which ripped off elderly and vulnerable investors.

The FCA has barred IFA firm Frensham Wealth of Surrey from carrying out any regulated activities following the conviction of director Jon Frensham (formerly known as Jonathan James Hunt) for a child sex offence.

The FCA has banned financial adviser Omar Hussein and fined him £116,000 for “reckless and unsuitable” pension transfer advice.

The FCA has banned London IFA and mortgage adviser Anthony George from performing any regulated activity after he deliberately submitted false information about his income on his tax returns to HMRC.