The Financial Conduct Authority has banned Mark Kelly and Patrick Gray from working in the financial services industry on the basis that they lack integrity after £24m of client money was invested in ‘unsuitable investments’, it said today.

An adviser has been fined £290,344 and banned from performing any function in relation to regulated activities. Read more...

The FCA believes that some investors who put money into the EEA Life Settlements fund, a UCIS or unregulated collective investment scheme, were mis-sold. Read more...