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City regulator bans pounds 43,000 fare dodger from financial services roles
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City regulator bans pounds 43,000 fare dodger from financial services roles
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Newspaper Article
City regulator bans pounds 43,000 fare dodger from financial services roles
2014
Overview
Announcing the ban, the FCA's director of enforcement and financial crime, Tracey McDermott, said: \"[Jonathan Burrows] held a senior position within the financial services industry. His conduct fell short of the standards we expect. Approved persons must act with honesty and integrity at all times and, where they do not, we will take action.\" Last year the FCA banned 43 people from working in senior financial services jobs for failing the \"fit and proper\" test, but few attracted as much attention as Burrows' case. The fund manager initially managed to keep his identity secret through the out-of-court settlement, rousing union anger. At the time, Manuel Cortes, the leader of the TSSA transport union, said the anonymous agreement showed there was one law for the rich and another for the poor. Burrows' identity was revealed by the Daily Mail, who contrasted his \"two huge, mortgage-free mansions in the East Sussex countryside\" with the pounds 4,500 cost of the season ticket.
Publisher
Guardian News & Media Limited
Subject
