Request a Demo Today

Release Date: 15th April 2021

To access the original FCA document, click here.

Summary

The Financial Conduct Authority (FCA) has fined Simon John Varley £68,300 and imposed a prohibition order preventing him from performing any function related to regulated activities. Varley, who held positions as CF1 Director and CF10 Compliance Oversight at Dickinsons Financial Management Limited, was found guilty of multiple breaches including providing unsuitable investment advice and acting without necessary qualifications.

Summary of Reasons

Key Takeaways for Other Firms

In conclusion, Simon John Varley’s actions demonstrated a significant breach of trust and integrity, leading to a substantial fine and prohibition from any regulated activities. This case underscores the importance of adhering to regulatory requirements and maintaining high standards of honesty and transparency in financial services.

Back to the Dear CEO letter archives.