Feb 18 (Reuters) - Britain's financial watchdog on Wednesday said the Upper Tribunal has upheld its decision to ban two senior financial advisers and impose penalties after finding they recklessly
FCA's Tribunal Upholds Ban on Two Advisers for Pension Misconduct
FCA's Decision and Implications
Feb 18 (Reuters) - Britain's financial watchdog on Wednesday said the Upper Tribunal has upheld its decision to ban two senior financial advisers and impose penalties after finding they recklessly exposed pension holders to unsuitable high-risk investments.
Details of the Ban
Stephen Burdett and James Goodchild, who previously held senior roles at Synergy Wealth and Westbury Private Clients, respectively, will be fined a combined 312,671 pounds ($424,544.68), the Financial Conduct Authority said.
Financial Penalties Imposed
($1 = 0.7365 pounds)
(Reporting by Ankita Bora in Bengaluru)
