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Release Date: 28th September 2023

To access the original FCA document, click here.


Mr Andrew John Deeney has been fined £397,400 by the Financial Conduct Authority (FCA) and prohibited from performing any function in relation to any regulated activities. This action results from his dishonest and reckless conduct during his tenure as an adviser and director at Active Wealth (UK) Limited and Fortuna Wealth Management Limited.

Key Reasons for the Fine:

Key Takeaways for Other Firms:


The FCA’s action against Mr Deeney serves as a stark reminder of the importance of integrity, transparency, and adherence to regulatory standards in the financial services industry. Firms and individuals must ensure their practices are aligned with regulatory requirements to protect clients and maintain trust in the financial system.

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