A member of the Chartered Insurance Institute and the Personal Finance Society has been fined for aggressive behaviour following “excessive alcohol consumption” at an event held by the professional bodies last year.
A notice published in the latest issue of Financial Solutions, the PFS magazine, reveals the member came before the CII disciplinary hearing in March.
The notice says the unnamed member, by his own admission, was found to be in breach of the CII/PFS code of ethics by the CII disciplinary panel.
The notice says: “The respondent had, as a result of excessive alcohol consumption, behaved aggressively and inappropriately towards a fellow attendee following a CII/PFS event in September 2011.
“The disciplinary panel felt it was important the CII took the matter seriously and noted unprofessional conduct of its members had reputational issues for the institute and
disciplinary consequences for the member.”
PFS past president and Syndaxi Chartered Financial Planners managing director Robert Reid says: “Reputational risk is a big thing for us as a professional body. Ethics and behaviour are important 24 hours a day, seven days a week. As a member, you have got to behave yourself, it is as simple as that.”
The amount of the fine was not disclosed.