FCA bans convicted fraudster from regulated activities

'Lacks honesty and integrity'

Jenna Brown
clock • 1 min read

A convicted fraudster has been banned from carrying out regulated activity by the Financial Conduct Authority (FCA) after failing to disclose he was under criminal investigation.

Matthew Creed failed to inform the regulator about his bankruptcy and disqualification as a company director, the FCA said. Creed was also convicted of dishonesty offences under the Insolvency Act 1986. The FCA said the company director "lacks honesty and integrity in respect of his dealings with the authority". Creed had been approved to carry out FCA regulated functions at AAA Management between January 2005 and December 2019. He was also the director of a company not regulated by the FCA, PEL, between January 2002 and April 2013. The FCA said that, between February and August 20...

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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Law, not likes: Cracking down on social media financial promotions

Law, not likes: Cracking down on social media financial promotions

‘Every individual social post or communication must comply with the rules’

Sarah Wylie and Owen McLennan
clock 28 October 2024 • 4 min read
How Labour can support investment management vibrancy

How Labour can support investment management vibrancy

The formation of a new government – now just over 100 days’ old – has brightened the spotlight on UK financial services regulation, writes IIMI CEO Dani Hristova

Dani Hristova
clock 28 October 2024 • 4 min read
Number of non-financial misconduct reports in the City spikes in three years

Number of non-financial misconduct reports in the City spikes in three years

FCA reveals survey results

Cristian Angeloni
clock 25 October 2024 • 4 min read