The Financial Conduct Authority (FCA) has banned Mr Peter Johnson, former compliance officer of Keydata Investment Services Ltd (Keydata), from performing any function in relation to any regulated financial activity and publicly censured him. Were it not for Mr Johnson’s serious financial hardship, the FCA would have fined him £200,000.
The FCA has found that Mr Johnson failed to act with integrity in his role as Keydata’s Compliance Officer and misled the then Financial Services Authority (FSA) on a number of occasions. The Final Notice follows Mr Johnson’s withdrawal of his reference to the Upper Tribunal. Proceedings continue in the Upper Tribunal with respect to the references made by Mr Stewart Ford, Keydata’s former CEO, and Mr Mark Owen, Keydata’s former Sales Director.
