FCA Bans Former Derivatives Trader

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Explore:  Derivatives FCA FSA UK

On February 25, the FCA published the final notice it issued to David Hobbs, a former derivatives trader, banning him from performing any regulatory function.

The final notice follows the decision of the Upper Tribunal (Tax and Chancery Chamber), which found that in putting forward a false defense to the FSA (the FCA’s predecessor) and in maintaining that defense in evidence before the tribunal, he had exhibited a lack of integrity. It held that he was not a fit and proper person to perform regulatory functions. Final Notice.

Topics:  Derivatives, FCA, FSA, UK

Published In: Business Torts Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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