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Adviser banned by FCA hits back with petition

An adviser who tried and failed to overturn his ban from the FCA has hit out at the regulator in an online petition.

Church Hill Finance’s Anthony Badaloo was convicted on trespass and criminal damage charges in 2015, on the back of which the FCA removed his permissions.

Badaloo had been authorised since 2004 to conduct both investment advice and regulated home finance business.

The convictions surrounded his attempts to re-enter his office after another wealth management and private banking firm Kleinwort Benson, took possession of it.

Badaloo’s records were placed in storage, and the FCA expressed concerns that Badaloo did not have adequate back-ups.

Badaloo refused to give up his permissions voluntarily, and appealed his ban at the Upper Tribunal.

On 24 April, a judge ruled the appeal should be struck out because there was “no possibility” Badaloo was able to make a substantive case.

He has now hit back at the FCA in an online petition on the change.org website.

In a half hour video accompanying the petition, Badaloo contests his convictions and criticises the FCA’s role in the case.

He says: “I’m an innocent man. I’ve been in the business 30-odd years with an unblemished reputation. I have built up a portfolio of properties and four of them have been stolen.

“I’m disappointed the FCA are somehow caught up to support Kleinwort Benson.They are just trying to cover up and cover up.”

At the time of writing, the petition had 1,376 signatures.

The FCA declined to comment.

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Comments

There is one comment at the moment, we would lover to hear your opinion too.

  1. Anthony Badaloo 8th May 2017 at 4:57 pm

    Money Marketing Editors continue to publish without any shred of fact checking. To date, I can assure the British and international Public, that the Upper Tribunal at the High Court, has not issued any order against me, and Money Marketing is knowingly concealing the fact that all references they make to a “SEALED COURT ORDER” cannot be justified, by having a verified copy of this public purported “COURT ORDER”.
    My journey in the battle against Court Order Scams, used to steal assets, have uncovered a scam of pandemic scale, and Financial Advisers are well set to establish a compensation business, for when we break through, which I believe we have done, as per http://bit.ly/MortFrauds999.
    Please sign and share the petition against Court Order Scams against your clients, friends and your Family http://bit.ly/SolsCharged

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