The Financial Conduct Authority (FCA) has banned and fined an adviser £109,400 for lying about her qualifications and faking Statements of Professional Standing (SPS).
Elizabeth Parry was authorised as a sole trader to conduct investment and mortgage business in May 2006 and for consumer credit activities from January 2015. The adviser was found to have fabricated two SPSs and repeatedly lied to the regulator about her qualifications from January 2013. Since 2013, as part of changes following the Retail Distribution Review (RDR), retail investment advisers are required to hold a valid SPS from a professional body and achieve the relevant professional qualifications to be allowed to practise. Parry made six misleading statements to the FCA betwee...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
