Former BGC Senior Executive Banned by FCA Due to Concerns Over His Fitness and Propriety

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Explore:  Brokers FCA UK

On January 29, the FCA published a final notice regarding Anthony Verrier, a former inter-dealer broker at BGC Brokers LP.

The FCA has adjudged Mr. Verrier not to be a fit and proper person due to concerns it had over his integrity. These concerns came about as a result of the evidence Mr. Verrier gave in a UK High Court case.

The case, Tullett Prebon plc v BGC Brokers LP (and 13 others, including Verrier), concerned Mr. Verrier’s participation in an unlawful means conspiracy, including his inducement of certain Tullett brokers to breach their employment contracts with Tullett by leaving early to join BCG without lawful justification.

The FCA has prohibited Mr. Verrier from performing any function relating to any regulated activity carried on by any authorized or exempt person or exempt professional firm. Final Notice. Tullett Prebon plc v BGC Brokers LP.