FCA bans and fines broker £7,200
Watchdog warns that Philip Eley "poses a serious risk to consumers and to confidence in the financial system".
The Financial Conduct Authority (FCA) has slapped broker Philip Eley, director of EISL, with a £7,200 fine and banned him from the industry.
The regulator said that Eley "poses a serious risk to consumers and to confidence in the financial system".
He would have been hit with a £10,286 fine had he not settled at an early stage of the watchdog's investigation, qualifying for a 30% discount.
However, the regulator stated that Eley's relevant income in relation to the misconduct was £34,287.
The
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