UK:
Financial Conduct Authority Bans Peter Charles Bottomley From UK Financial Services Industry
08 April 2016
Shearman & Sterling LLP
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On March 8, 2016, the FCA published a final notice that it had
banned Peter Charles Bottomley from the UK financial services
industry. Mr. Bottomley was convicted on July 9, 2015 of eight
counts of dishonesty and financial crime offenses and sentenced to
72 months' imprisonment. Mr. Bottomley's conviction
comprised five counts of dishonestly making false representations
to make gain for self or another or cause loss to another or expose
others to risk; one count of false accounting; one count of making
or supplying articles used in fraud and one count of theft. The FCA
found that, in respect of his criminal convictions, Mr. Bottomley
had breached the Fit and Proper requirements set out in its
Handbook because he lacked honesty, integrity and reputation. The
ban, which took effect on March 8, 2016, prohibits Mr. Bottomley
from carrying out any function in relation to any regulated
activity carried out by any authorized firm, exempt person or
exempt professional firm.
The final notice is available at: http://www.fca.org.uk/static/documents/final-notices/peter-charles-bottomley.pdf.
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