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Release Date: 11th October 2021

To access the original FCA document, click here.


In its Final Notice, dated 11 October 2021, the Financial Conduct Authority (FCA) fined Mr. Omar Hussein £116,000 and revoked his approvals to perform several senior functions at Consumer Wealth Limited (CWL). Mr. Hussein was also prohibited from performing any function in relation to any regulated activity by any authorised or exempt person or firm. This action was due to his breaches of the FCA’s regulatory requirements, specifically failing to act with integrity and failing to ensure CWL complied with relevant standards between 20 March 2015 and 1 March 2017.

Reasons for the Fine

Key Takeaways for Other Firms


The FCA’s action against Mr. Hussein highlights the critical importance of integrity, thorough due diligence, and transparent communication in financial advisory services. Firms must ensure they have effective compliance systems in place and provide suitable, well-documented advice to protect consumers and maintain trust in the financial system.

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