The FCA has banned Jeffrey Dawkins, 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 mini-bonds. 

The FCA has warned consumers about the risks of investing in loan notes and mini-bonds issued by unregulated companies.

The FCA’s new regime for high-risk securities, such as mini-bonds and loan notes, has come into force.