10 MPs have signed an early day motion to debate the Financial Conduct Authority (FCA) and its handling of the collapsed Connaught Income Series 1 fund.
Tabled by SNP MP for East Renfrewshire Kirsten Oswald, the early day motion - a formal call for debate in the House of Commons - supports and welcomes the findings of the Complaints Commissioner Antony Townsend in reply to two complaints from ex-CEO of Tuita and whistle-blower George Patellis and financial adviser Adam Nettleship. Oswald's early day motion said: "That this House regrets the refusal of the FCA to accept the Commissioner's recommendation that Mr Patellis receive a public apology for the lack of care over his treatment as a whistle-blower and the defensive and insensitive m...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes