The Financial Conduct Authority (FCA) has banned
Mr Peter Johnson, former compliance officer of Keydata Investment Services Ltd (Keydata), from performing any function in relation to any regulated financial activity and publicly censured him. Were it not for Mr Johnson's serious financial hardship, the FCA would have fined him £200,000.
The FCA has found that Mr Johnson failed to act with integrity in his role as Keydata’s compliance officer and misled the then Financial Services Authority (FSA) on a number of occasions.
The Final Notice follows Mr Johnson’s withdrawal of his reference to the Upper Tribunal. Proceedings continue in the Upper Tribunal with respect to the references made by Mr Stewart Ford, Keydata’s former CEO, and Mr Mark Owen, Keydata’s former Sales Director.
Notes for editors
- The Final Notice for Peter Johnson[1].
- The FCA Press Release of 26 May 2015[2] concerning publication of Decision Notices given to Stewart Ford, Mark Owen and Peter Johnson.
- On 1 April 2013, the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).
The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers. - Find out more information about the FCA.