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Release Date: 13th February 2024

To access the original FCA document, click here.

Summary

Floris Jakobus Huisamen has been fined £31,800 and prohibited from performing any function in relation to regulated activities by the Financial Conduct Authority (FCA). This action stems from his misconduct while serving as a director responsible for Risk and Compliance at London Capital & Finance plc (LCF) between February 2017 and December 2018.

Reasons for the FCA Fine:

Key Takeaways for Other Firms:

Conclusion

The FCA’s action against Floris Jakobus Huisamen underscores the importance of regulatory compliance and integrity in financial promotions. Firms and their directors must adhere to strict standards to protect consumers and maintain the integrity of the financial system, ensuring that all promotional materials are compliant with regulatory requirements to avoid severe penalties and reputational damage.

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