Breaches of CII Code of Ethics

Where the Preliminary Screener (cases prior to May 2013), Case Examiner or  Disciplinary Panel has decided to publish details of a disciplinary case ascribed (i.e. where an individual has been named), every care has been taken to identify members/students correctly. Please contact the CII if there is any doubt about the identity of a member/student who may have been the subject of disciplinary proceedings and in relation to whom a report has been published.

CII wishes to make clear that, unless the case reported indicates otherwise, allegations and findings against members/students do not implicate those members' or students' employers in any way.

 

Paul Hughes – Location: Vale of Glamorgan

The Respondent received a large sum of money into his personal bank account from a client and failed to declare this to his employer in an accurate, transparent and timely manner. In addition, the Respondent provided an inaccurate disclosure in his employers Anti-Bribery log, relating to work being undertaken on his home.

The following sanctions were imposed by way of determination:

a) Be reprimanded for the breaches above (DPR 4.1(a)).

b) Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning. (DPR 4.1 (c)) – note: this does not require the passing of a formal examination.

c) Be declared ineligible to apply for membership of the Institute (you may seek to have your status reviewed by a Panel after the expiry of 5 years commencing with the date the decision to expel is made) (DPR 4.1(i)).

d) Have a record of this matter added to the CII’s disciplinary records (DPR 4.1 (l)).

e) Have a record of this decision published in the Journal of the Institute, Personal Finance Professional and in such other of the Institute’s publications whether printed or electronic, including the CII’s website (DPR 6.11).

Sanctions effective 11th June 2024

Andrew David Pownall – Location: Benfleet

Breach: The Respondent made unauthorised withdrawals from a client’s investment portfolio for his personal gain and failed to honour his commitment to return monies to his client. In addition, the Respondent failed to cooperate with the CII’s disciplinary investigations when reasonably requested to do so.

The following sanctions were imposed by way of determination:

a) Be reprimanded for the breach(es) above (4.1(a) DPR);

b) Be declared ineligible to apply for membership of the Institute for a specified period of up to 5 years (4.1(i) DPR). Any future re-admission to membership to be subject to approval by the Membership Application Sub-Committee

c) Take and complete the CII online ethics course before booking any CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR) – note: this does not require the passing of a formal examination; and

d) Have a record of this matter added to the CII’s disciplinary records (4.1(I) DPR).

Sanctions effective as of 15 August 2024.

William Mark Tristan Freer – Location: Worcestershire 

The Respondent was subject to an FCA Final Notice for breaching Statement of Principle 1 (Integrity) by acting dishonestly and recklessly when performing his controlled functions in the provision of pensions advice to customers during a 2-year period. In addition, the Respondent failed to inform the CII of the investigation by the FCA, which is in breach of the CII Code of Ethics.

The following sanctions were imposed by way of determination:

a) Be reprimanded for the breach(es) above (4.1(a) DPR).

b) Be declared ineligible to apply for membership of the CII for a period of 5 years, with effect from 15 December 2022. Any future re-admission to membership to be subject to approval by the Membership Application Sub-Committee;

c) Take and complete the CII online ethics course before booking any CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR).

d) Have a record of this decision published in the Journal of the Institute, Personal Finance Professional and in such other of the Institute’s publications whether printed or electronic, including the CII’s website (6.11 DPR).

Sanctions effective as of 15 December 2022.

Peter Richard Mulvey – Location: Hitchin

The Respondent was aware of the POA in place for a vulnerable client and notwithstanding this accepted a sum of £175,000 loan without consulting or informing the attorney, for his own gain. In addition, the Respondent failed to keep any records of this alleged loan and the investment transaction which he allegedly made on behalf of the vulnerable client. Furthermore, the Respondent failed to return the alleged loan when the vulnerable client’s estate requested him to do so.

The Respondent signed a Consensual Order accepting the following sanctions:

a) Be reprimanded for the breach(es) above (4.1(a) DPR);

b) Be declared ineligible to apply for membership of the Institute for a specified period of up to 5 years (4.1(j) DPR). Any future re-admission to membership to be subject to approval by the Membership Application Sub-Committee;

c) Take and complete the CII online ethics course before booking any CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR); and

d) Have a record of this matter added to the CII’s disciplinary records (4.1(I) DPR).

Sanctions effective as of 23 November 2023.

Paul Chase – Employer: Financial Options

The Respondent has been fined by and is subject to prohibitions by the Isle of Man Financial Services Authority for serious regulatory failings in respect of Parcville Limited, formerly known as Corporate Options Limited (“COL”), a company of which the Respondent was the director.

The Respondent had the following sanctions imposed by way of Consensual order:

a) Be reprimanded (4.1 (a) DPR);

b) Take and complete the CII on line Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1 (c) DPR)- note this does not require the passing of a formal examination

c) Have a record of this decision published in the Journal of the Institute, Personal Finance Professional and in such other of the lnstitute's publications whether printed or electronic, including the Cll's website (6.11 DPR).

Sanctions effective as of 23 October 2023.

Gerald Chase – Employer: Financial Options

The Respondent has been fined by and is subject to prohibitions by the Isle of Man Financial Services Authority for serious regulatory failings in respect of Parcville Limited, formerly known as Corporate Options Limited (“COL”), a company of which the Respondent was the director.

The Respondent had the following sanctions imposed by way of Consensual order:

a) Be reprimanded (4.1 (a) DPR);

b) Take and complete the CII on line Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1 (c) DPR)- note this does not require the passing of a formal examination

c) Have a record of this decision published in the Journal of the Institute, Personal Finance Professional and in such other of the lnstitute's publications whether printed or electronic, including the Cll's website (6.11 DPR).

Sanctions effective as of 03 November 2023

Tim Nunan – Location: Brighton

The Respondent failed to complete appropriate checks prior to actioning a purported withdrawal of funds from his client’s funds, which ultimately led to financial loss.

The Respondent had the following sanctions imposed by way of determination:

a) Be reprimanded (4.1(a) DPR);

b) Be declared ineligible to apply for membership of the CII for a period of 3 years, with effect from 8th March 2023. Any future re-admission to membership to be subject to approval by the Membership Application Sub-Committee;

c) Take and complete the CII on line Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR) – note this does not require the passing of a formal examination

d) Have a record of this decision published in the Journal of the Institute, Personal Finance Professional and in such other of the Institute’s publications whether printed or electronic, including the CII’s website (6.11 DPR). 

Matthew Creed – Location: Haverfordwest

The respondent breached the CII’s Code of Ethics following his conviction for fraud.

The Respondent had the following sanctions imposed onto him by way of determination:

a) Be reprimanded for the breach(es) above (4.1(a) DPR).

b) Be declared ineligible to apply for membership of the CII for a period of 5 years, with effect from 17 January 2023. Any future re-admission to membership to be subject to approval by the Membership Application Sub-Committee;

c) Take and complete the CII online ethics course before booking any CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR).

d) A record of this matter shall be added to the CII’s disciplinary records (DR 12.6f).

Darren Reynolds – Location: Walsall, West Midlands

The Respondent was the sole director of Active Wealth (UK) Ltd. In breach of the CII's Code of Ethics, he failed to act in the best interest of his clients, by advising them to transfer their pensions into unsuitable, high risk investments. Following a court order, he was disqualified from acting as a company director for a period of 13 years.

The Respondent had the following sanctions imposed by way of determination:

a) Be reprimanded for the breach(es) above (4.1(a) DPR).

b) Be declared ineligible to apply for membership of the CII for a period of 5 years, with effect from 10 January 2023. Any future re-admission to membership to be subject to approval by the Membership Application Sub-Committee;

c) Take and complete the CII online ethics course before booking any CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR).

Aaron Smith - Location: Colchester

The Respondent entered into an Individual Voluntary Arrangement in 2017 and did not inform the CII of this until 2022, in breach of the CII's Code of Ethics. The CII accepted that the non-disclosure was not deliberate. The Respondent signed a Consensual Order accepting the following sanctions:
a) Be reprimanded (4.1(a) DPR).
b) Take and complete the CII online Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any
CII recognition of prior learning (4.1(c) DPR).
c) Have a record of this matter be added to the CII’s disciplinary records. (4.1(l) DPR).

Paul Asplin - Location: Bristol

The Respondent was convicted of one count of conspiracy to defraud and one count of furnishing false information in relation to accounts, which is a breach of the CII Code of Ethics. He was sentenced to 7 years imprisonment and disqualified as a director for 12 years.
a) Be reprimanded for the breach(es) above (4.1(a) DPR).
b) Be declared ineligible to apply for membership of the CII for a period of 5 years, with effect from 5 December 2022. Any future re-admission to membership to be subject to approval by the Membership Application Sub-Committee;
c) Take and complete the CII online ethics course before booking any CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR).
Sanctions effective as of 5 December 2022.

Anthony George - North Finchley, London

The Respondent was subject to an FCA final notice for submitting false information to HMRC over a 5-year period.
The Respondent signed a Consensual Order accepting the following sanctions:
a) Be reprimanded for the breach above (4.1(a)DPR).
b) Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII
recognition of prior learning (4.1(c) DPR).
c) Be declared ineligible to apply for membership of the Institute for a period of 5 years, after which the Respondent can seek to have his status reviewed by a Panel (4.1(i) DPR).
Sanctions effective as of 27/04/22.

Neil Liversidge - West Riding Personal Financial Solutions Ltd.

The Respondent breached the CII Code of Ethics by making inappropriate comments on his social media account.
The Respondent had the following sanctions imposed by way of determination:
a) Be reprimanded for the breach(es) above (4.1(a) DPR).
b) Take and complete the CII online ethics course within 3 months (4.1 (c) DPR).
c) Complete training on cultural sensitivity/responsibility at your own expense and provide proof to the CII of such completion. Training to be completed
within 6 months. (Reg. 12.6 Indicative Sanctions Guidance).
Sanctions effective as of 20 June 2022

Raymond McMillan - Location: London and Trinidad

The Respondent was found to have breached the CII's Code of Ethics in matters relating to the insolvent liquidation of his insurance company,
Global Insurance Services Limited. The Respondent had the following sanctions imposed by way of determination:
a) Be reprimanded for the breach(es) above (4.1(a) DPR).
b) Be declared ineligible to apply for membership of the CII for a period of 5 years, with effect from 23 May 2022 Any future re-admission to membership to
be subject to approval by the Membership Application Sub-Committee;
c) Take and complete the CII online ethics course before booking any CII examinations, enrolling on any CII assessments or applying for any CII recognition
of prior learning (4.1(c) DPR).
Sanctions effective from 23 May 2022.

Stuart Graham Blackmore – Employer: Platinum Insurance, Douglas, Isle of Man

The Respondent was served a Police caution for insurance related fraud, contrary to the Fraud Act 2017 and in breach of the CII’s Code of Ethics.
The Respondent has the following sanctions imposed by way of a Disciplinary Hearing:
a) Have a record of this matter be added to the CII’s disciplinary records (Disciplinary Regulations 2013 12.6f);
b) The Respondent be declared ineligible to apply for membership of the Institute for a specific period two years and three months from the date of the decision (Disciplinary Regulations 2013 12.m).
Sanctions effective as of 12 November 2021.

Mark Penney - Location: St Martin's, Guernsey

Breach: The Respondent has been fined by and is subject to prohibitions by the Guernsey Financial Services Commission for serious failings in the running of Criteria Wealth
Management, a company of which the Respondent was the director. The Respondent had the following sanctions imposed by way of determination:
a) Be reprimanded (4.1(a) DPR).
b) Take and complete the CII online Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any
CII recognition of prior learning (4.1(c) DPR).
c) Have a record of this matter be added to the CII’s disciplinary records. (4.1(l) DPR)
d) Be declared ineligible to apply for membership of the Institute for a period of 5 years with effect from the date of the order (4.1(j) DPR).
Sanctions effective as of 17 February 2021

Patrick Njodzi Mhondiwa - Location: Carshalton/Sutton, Surrey

Breach: The Respondent falsified a CII Level 4 Diploma in Insurance certificate and submitted this to his employer to give the appearance that he had completed the Diploma when this is not the case. The Respondent had also previously misled his employer that he had gained the Level 3 Certificate in Insurance, when this was not the case and used the designation Cert CII when he was not entitled to do so. The Respondent had the following sanctions imposed by way of determination:
a) Be reprimanded (4.1(a) DPR);
b) Be expelled from membership of the Institute (the Respondent may seek to have his status reviewed by a Panel after the expiry of 5 years commencing with the date the decision to expel is made, which is 7 October 2021);
c) Be declared ineligible to apply for membership of the Institute for a period of 5 years, with effect from 7 October 2021;
d) Be excluded for a period of 3 years from the examinations or assessments held by the Institute with effect from the date of the order, which is 7 October 2021 (4.1(f) DPR);
e) Be excluded for a period of 3 years from applying for CII recognition of prior learning with effect from the date of the order, which is 7 October 2021 (4.1(l) DPR);
f) Take and complete the CII online Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR);
g) Have a record of this matter be added to the CII’s disciplinary records (4.1(l) DPR).
Sanctions effective from 7 October 2021.

Aswina Ramjee – Location: Port Louis, Mauritius

Breach: The Respondent falsified a CII learning statement to claim that she had completed the CII Diploma in Insurance when this is not the case. The Respondent also falsified an email chain between herself and the CII to provide false evidence to back up the falsified learning statement, in breach of the CII’s Code of Ethics
The Respondent had the following sanctions imposed by way of determination:
a) Be reprimanded for the breaches above (DPR 4.1a).
b) Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments, or applying for any CII recognition of prior learning (either as a member or non-member). (DPR 4.1l) – note this does not require the passing of a formal examination. This must be completed prior to any further application for CII membership.
c) Have a record of this matter added to the CII’s disciplinary records (DPR 4.1l).
d) Be expelled from membership of the Institute for a period of 5 years (DPR 4.1k) with any re-application for membership being subject to review by the Membership Application Sub-Committee.
Sanctions effective as of 16 June 2021 and expire on 15 June 2026.

Jon Frensham - Employer: Frensham Wealth Limited, Walton-on-Thames, UK

The Respondent was convicted of a serious offence of grooming a minor, which is a breach of the CII Code of Ethics.
The case examiner imposed the following sanctions by way of Case Examiner determination.
a) Have a record of this matter be added to the CII’s disciplinary records (DR 12.6f); and
b) That the Respondent be expelled from membership of the Institute (the Respondent may seek to have his status reviewed
by a Panel after the expiry of 5 years commencing with the date the decision to expel is made) (DR 12.6i).
c) Be required to return your membership certificate and membership card, or complete and return the CII Statement
of Truth (if items lost by Respondent) within 14 days of receipt of the Order (Reg 12.6(p)).
Sanctions effective as of 8 June 2021.

Michael Twist – Employer: Island Financial Solutions, Douglas, Isle of Man

The Respondent’s firm, Island Financial Solutions, was subject to a regulatory finding made by the Isle of Man Financial Services Authority dated 28 September 2020. The Respondent signed a Consensual Order accepting the following sanctions:
a) Be reprimanded for the breaches above (DPR 4.1a).
b) Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning and/or before applying for membership of the CII. (DPR 4.1l) – This must be completed prior to any further application for CII membership.
c) Have a record of this matter be added to the CII’s disciplinary records (DPR 4.1l).
d) Have this matter considered by the Membership Application Sub Committee to determine whether the Respondent is eligible for membership, should the Respondent apply for membership of the CII in the future (DPR 4.1l).
Sanctions effective as of 13 May 2021.

Stephen Cryer – Location: Heswall, Merseyside

The Respondent was subject to a regulatory finding made by the Isle of Man Financial Services Authority on 22 October 2020, which resulted in the Respondent being prohibited from performing any regulated function.
The Respondent had the following sanctions imposed onto him by way of determination:
a) Be reprimanded for the breaches above (DPR 4.1a).
b) Take and complete the CII on line ethics course
c) before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (either as a member or non-member). (DPR 4.1l) – This must be completed prior to any further application for CII membership.
d) Have a record of this matter be added to the CII’s disciplinary records (DPR 4.1l).
e) Be declared ineligible for membership of the Institute for a period of 5 years (DPR 4.1i) with any re-application for membership being subject to review by the Membership Application Sub-Committee.
Sanctions effective as of 14 April 2021.

Laurence David Ives – Location: Leigh on Sea, Essex

The Respondent was convicted, and subsequently imprisoned, for holding indecent images of children on their phone and computer.
The Respondent had the following sanctions imposed onto him by way of determination:
a) Be reprimanded (DPR 4.1a)
b) Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments, or applying for any CII recognition of prior learning (either as a member or non-member). (DPR 4.1l)
c) Have a record of this matter be added to the CII’s disciplinary records (DPR 4.1l)
d) Be expelled from the Institute for a period of 5 years (DPR 4.1k) with any re-application for membership being subject to review by the Membership Application Sub-Committee.
Sanctions effective as of 14 April 2021.

Andrew Browning - Location: Newbury, Berkshire

The Respondent was convicted of stalking involving serious alarm or distress.
The Respondent signed a Consensual Order accepting the following sanctions:
Be reprimanded for the breach above (4.1(a)DPR).
Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR).
Have a record of this matter added to the CII’s disciplinary records (4.1(l) DPR).
Be declared ineligible to apply for membership of the Institute for a period of 2 years (4.1(i) DPR).
Sanctions effective as of 24 November 2020 and will continue for 24 months, to expire on 24 November 2022.

Marc Roxby - Employer: Fairfield Wealth Ltd, Guernsey

The Respondent was the subject of prohibitions placed upon them by the Guernsey Financial Services Commission.
The Respondent signed a Consensual Order accepting the following sanctions:
a) Be reprimanded (4.1(a) DPR)
b) Take and complete the CII on line Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (4.1(c) DPR)
c) Have a record of this matter be added to the CII’s disciplinary records. (4.1(l) DPR
d) Be suspended from membership of the Institute for a period of 18 months with effect from the date of the order (4.1(j) DPR). – note: this sanction is suspended for 2 years (4.1(l) DPR)
Sanctions effective as of 17 February 2021 and will continue for 24 months, to expire on 17 February 2023.

Ian Beswick - Location: Doncaster, UK

The Respondent was convicted of a criminal offence in breach of the CII’s Code of Ethics. The CII Case Examiner was satisfied to proceed to determine the matter under Disciplinary Procedure Rule 7.1 (b). On 21 August 2020, the Case Examiner ordered that the Respondent:
a) Be reprimanded (DR 12.6a).
b) Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments, or applying for any CII recognition of prior learning (DR 12.6d).
c) Be ineligible from applying for membership for a period of three years, the maximum permitted under the relevant Disciplinary Regulations (Reg 12.6m), after this period, you can only join the CII subject to the approval of the CII’s Membership Application Sub-Committee (Reg 12.6p).
d) Have a record of this matter added to the CII’s disciplinary records (DR 12.6f). 

Liam Hutton - Location: Ramsey, Isle of Man

A complaint was made to the CII about the Respondent and it was found that he had forged a cover note, which is a breach of the CII Code of Ethics.
The Case Examiner determined the matter under Rule 7.1(b) of the CII Disciplinary Procedure Rules 2015, and imposed
the following sanctions with effect from 8 April 2020:
(a) Be reprimanded (DR 12.6a),
(b) Have a record of this matter be added to the CII’s disciplinary records (DR 12.6f); and
(c) That the Respondent be ineligible from membership of the CII for a period of 3 years (DR 12.6h).

Christopher Percival - Employer: Healthcare International, Dubai, UAE

Breach: The Respondent voluntarily disclosed that he had been subject to an investigation and discretionary financial penalty by the Guernsey Financial Services Commission
(GFSC), while acting as a non-executive director for Global insurance Company (GIGL) in breach of the CII’s Code of Ethics.
The Respondent signed a Consensual Order accepting the following sanctions:
a) Be reprimanded (DPR 4.1a).
b) Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (DPR 4.1l).
c) Have a record of this matter added to the CII’s disciplinary records (DPR 4.1l).
Sanctions effective as of 11 January 2021.

Jasper James Cranston Smallwood - Employer: Bishopsgate Insurance Brokers Ltd., Mincing Lane, London

In breach of the CII's Code of Ethics, the Respondent has deliberately falsified a CII exam permit with the intention of misleading his employer. The Case Examiner was satisfied to proceed to determine the matter under Disciplinary Procedure Rule 7.1 (b). On 8 July 2020, the Case Examiner ordered that the Respondent: a) Be reprimanded (Reg 12.6a); b) Take and complete the CII on line Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (Reg 12.6d); c) Have a record of this matter be added to the CII’s disciplinary records. (Reg 12.6f); d) Be expelled from membership of the Institute (the Respondent may seek to have his status reviewed by a Panel after the expiry of 5 years commencing with the date the decision to expel is made) (Reg 12.6(i)); e) Be excluded from taking CII examinations or assessments for a period of 3 years (Reg 12.6(l)); f) No examinations, assessments or qualifications obtained by the Respondent during the period of the exclusion will be eligible for CII recognition of prior learning with effect from the date of the Order (Reg 12.6(p)).

Ian Manwaring – Employer: CFM Investments Limited, Hednesford Staffordshire

The Respondent was convicted of a criminal offence in breach of the CII’s Code of Ethics. The CII Case Examiner was satisfied to proceed to determine the matter under Disciplinary Procedure Rule 7.1 (b). On 8 April 2020, the Case Examiner ordered that the Respondent: a) Is declared ineligible to apply for member of the Institute for three years, the maximum permitted under the current Disciplinary Regulations (Reg 12.6(m)). This took effect from 30 August 2019, the date on which his membership ceased; and b) Will have a record of this matter added to the CII’s disciplinary records under his name (Reg 12.6(f)).

Mohammad Usman Khan  – Employer: Aman Insurance Head Office, 20^th St. Oud Metha, Dubai

In breach of the CII’s Code of Ethics, the Respondent falsified an R01 exam result and learning statement to give the appearance that he had passed the exam when he had not. Having done so he then submitted these to an employer to give the impression he had passed the exam and was entitled to work as a trainee advisor when he had not. The CII Case Examiner was satisfied to proceed to determine the matter under Disciplinary Procedure Rule 7.1 (b). On 8 April 2020, the Case Examiner ordered that the Respondent: a) Be reprimanded (Reg 12.6a); b) Take and complete the CII on line Ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (Reg 12.6d), to be completed within six months of the date of the Order; c) Have a record of this matter be added to the CII’s disciplinary records. (Reg 12.6f); d) Be excluded for a period of 36 months from the examinations or assessments held by the Institute with effect from the date of the order (Reg 12.6l); e) Be excluded for a period of 36 months from applying for CII recognition of prior learning with effect from the date of the order (Reg 12.6p); f) No examinations, assessments or qualifications obtained by the Respondent during the period of the exclusion will be eligible for CII recognition of prior learning with effect from the date of the Order (Reg 12.6p); g) Be declared ineligible to apply for membership of the Institute for 3 years (Reg 12.6m and Reg 12.6p).

Anthony Badaloo - Church Hill Finance, 178 Church Hill Road, East Barnet, Hertfordshire

The Respondent 1) Failed to disclose breaches of the cii code of ethics; 2) He failed to notify the CII of the findings and sanctions imposed upon him under the Financial Conduct Authority (“FCA”) Final Notice dated 9 November 2017; and 3) His conduct was unprofessional in uploading inaccurate and unprofessional statements to his social media page. The Respondent failed to co-operate with the CII during the investigation. The Respondent disputed the evidence but failed to provide evidence to support his arguments, despite being given numerous opportunities to do so. The Case Examiner was therefore satisfied to proceed to determine the matter under Disciplinary Procedure Rule 7.1(b). The Case Examiner Ordered, with effect from 2 July 2019, for the following sanctions to be imposed on the Respondent: 1) Be reprimanded for the breaches above (DR 12.6a); 2) Take and complete the CII online ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (either as a member or non-member)(DR 12.6d); 3) Have a record of this matter be added to the CII’s disciplinary records (DR 12.6f); 4) Be expelled from the CII (Reg 12.6i), with any re-application for membership being subject to review; 5) Be required: i) to return his membership card, or complete and return the CII Statement of Truth (if item lost by Respondent), and ii) to remove the offending posts referred to above from his social media page, within two weeks from the date of the Order (Reg 12.6p). 

Nicolas Roberts, Dip PFS - Employer: Origen Financial Services, 1 Lakeside Road, Farnborough, Hampshire

The Respondent was convicted in January 2013 for failing to stop after an accident and driving/ being in charge a motor vehicle while above the alcohol limit (these convictions are now spent). The Respondent had breached his obligations under the CII Code of Ethics and failed to disclose these convictions to the CII within a reasonable time and falsely or recklessly declared that he had no convictions when he applied for CII membership in May 2016. The CII Case Examiner invited the Respondent to approve and sign a Consensual Order under Rule 9.1 of the CII Disciplinary Procedure Rules 2015, to which the Respondent agreed, and which came into effect on 23 August 2018. The sanctions imposed were that the Respondent: a) be reprimanded; b) take and complete the CII on-line ethics course before booking any further CII examinations, enrolling on any CII assessments or applying for any CII recognition of prior learning (either as a member or non-member); c) Have a record of this matter be added to the CII’s disciplinary records; d) Be suspended from membership for a period of 3 years from the date of this Order. However, in light of the Respondent’s contrition and cooperation, this element of the sanctions is suspended for a period of 3 years from the date of this Order and will, subject to the Respondent not being found to have breached the Code of Ethics during this time, automatically expire following this 3-year period (Reg 12.6h and p). If a further breach occurs during this period, the 3-year suspension will automatically be triggered, in addition to any further sanctions imposed by a CII Case Examiner and/or Disciplinary Panel.

Jay Solder, Romford, Essex, UK

The Respondent was a member of the CII at the time of the offences and had been convicted of six counts of fraud by misrepresentation which he had not disclosed to the CII. The Respondent's membership of the CII had now lapsed. The CII Case Examiner invited the Respondent to approve and sign a Consensual Order under Rule 9.1 of the CII Disciplinary Procedure Rules 2015, to which the Respondent agreed and which came into effect on 11 May 2017. The sanctions imposed were that the Respondent: a) be reprimanded for the breaches, b) be declared ineligible for membership for the maximum period of three  years, c) be required  to take the CII on-line ethics course.

Alexander Stuart of Bayswater, London W2, UK

The respondent falsified a CII learning statement to show that he had passed the R03, R04, R05 and R06 examinations when he had not.  He used the learning statement to pass himself off as having completed these exams in order to apply for a Statement of Professional Standing in breach of the CII's Code of Ethics.  The CII Case Examiner, invited the Respondent to approve and sign a Consensual Order under 9.1 of the CII Disciplinary Procedure Rules 2015, to which the Respondent agreed and which came into effect on 18 May 2016.  The sanctions issued were that the Respondent: a) be reprimanded, b)  be expelled from membership of the CII, c) be excluded from CII examinations and assessments for 18 months and would have to take the CII on-line ethics course before taking any CII exams and assessments or applying for recognition of prior learning in future or applying  for a review of his exclusion from the CII and d) would not be eligible for CII recognition of prior learning for examinations, assessments or qualifications obtained by the Respondent during the 18 month period of examination exclusion in c) above.  The Case Examiner reduced the sanction which would otherwise have been applied in respect of the offence for c) and d) from 3 years in the light of the Respondent's early admission of the charge.

Leanne Nicholson, Darley Abbey, Derby, UK

The Respondent had been convicted of fraud by abuse of position whilst a member of the CII. As the CII Case Examiner had been unable to agree a Consensual Order with the Respondent under Rule 9.1 of the CII Disciplinary Procedure Rules 2015, the Case Examiner made a determination under Disciplinary Procedure Rule 7.1 on 3 March 2015. The Case Examiner determination stated that the Respondent was ineligible to reapply for membership of the CII and that no application for review of the Case Examiner's decision was permissible until the expiration of five years from the date of the Case Examiner's decision.  The Respondent did not appeal the decision.

David Jeffs, Nottingham, UK

The Respondent had been convicted of murder and fraud by abuse of position. The CII Case Examiner invited the Respondent to approve and sign a Consensual Order under Rule 9.1 of the CII Disciplinary Procedure Rules 2013, to which the Respondent agreed and which came into effect on 21 January 2015. The sanction issued was that Mr Jeffs was expelled from membership of the CII.

Angela Lauder, Selkirk, UK

The respondent had been convicted of fraud. She was also found to have continued to advertise herself upon LinkedIn as a Chartered Financial Planner despite not being a current member of the CII. The CII Case Examiner invited the Respondent to approve and sign a Consensual Order under Rule 9.1 of the CII Disciplinary Procedure Rules 2013, to which the Respondent agreed and which came into effect on 15 January 2015. The sanction issued was that Mrs Lauder was expelled from membership of the CII.

Robin Smith, formally Cert CII, Woking, Surrey, UK

Mr Smith failed to bring to the attention of the Institute that in 2013 he had been convicted of fraud in breach of sections 1.1, 1.2, 1.3, 1.6, 2.1, 2.3, 2.4 and 4.5 of the CII Code of Ethics.  Having considered the circumstances, the CII Case Examiner invited the Respondent to approve and sign a Consensual Order under Rule 9.1 of the Disciplinary Procedure Rules 2013.  The Respondent failed to respond.  Consequently, under Rule 7.1 of the Disciplinary Procedure Rules, the CII Case Examiner determined that the Respondent be reprimanded and be expelled from the Institute.  This came into effect on Thursday 29 May 2014.