Release Date: 8th April 2016

To access the original FCA document, click here.

Summary

Timothy Alan Roberts was fined £450,000 by the Financial Conduct Authority (FCA) and prohibited from performing any function related to regulated activities. The FCA’s action was based on findings that Roberts, as a Director of Catalyst Investment Group Limited, acted without integrity and failed to exercise due skill, care, and diligence, thus breaching Statements of Principle 1 and 6.

Reasons for the Fine:

Key Takeaways for Other Firms:

Conclusion:

The FCA’s action against Timothy Alan Roberts highlights the critical importance of integrity and due diligence in regulatory compliance. Firms must uphold these principles to protect investors and maintain market confidence, avoiding severe penalties and prohibitions.

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