Stewart Owen Ford and Mark John Owen v The Financial Conduct Authority: [2018] UKUT 0358 (TCC)
Upper Tribunal Tax and Chancery decision of Judge Berner and Member Dale and Member Freeman on 6 November 2018.
Read the full decision in .
FINANCIAL SERVICES – distribution by Keydata Investment Services Limited of bonds issued by SLS Capital S.A. and Lifemark S.A. backed by US life settlements – conduct of Mr Ford and Mr Owen – whether breach of Statement of Principle 1 (integrity) and Statement of Principle 4 (relations with regulators) – whether “fit and proper” – prohibition orders – FSMA, s 56 – financial penalties – FSMA, s 66 – disgorgement.