The FSA has banned an adviser who was jailed for stealing more than £1m from his clients.
Derbyshire-based IFA Malcolm Green was jailed for five and a half years in February after admitting 42 counts of fraud, false accounting and obtaining money transfers by deception.
Green worked for MG Financial and Insurance Services.
A final notice published by the regulator today says: “The FSA hereby makes an order pursuant to section 56 of theFinancial Services and Markets Act 2000 prohibiting Malcolm Green from performing any function in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm.”
Green handed himself into police in March 2011 after targeting 38 victims over 20 years.
He issued clients with false bond certificates in an attempt to make their investments look genuine.