Top boss at UK’s largest property fintech ousted for non-financial misconduct Fintech A top executive at the UK’s largest property fintech has been ousted following allegations of non-financial misconduct, City AM has learnt. Hugo Davies, the former chief capital officer at Lendinvest, is understood to have been dismissed from the company after a whistleblower penned a letter to the chair of the company, along with the City [...]
Ministry of Justice sacks 849 staff over misconduct in three years Legal The Ministry of Justice (MoJ) has dismissed 849 staff members over the last three years for alleged misconduct. A Freedom of Information Request, shared with City AM, revealed there has been an increase in the number of individuals receiving a penalty as a result of the conduct and discipline process at the MoJ, with a [...]
City watchdog sacked 12 for misconduct amid crackdown on firms Markets The Financial Conduct Authority sacked 12 workers as a result of misconduct allegations, City AM can reveal. Official figures show nearly 40 members of staff were formally disciplined by the City watchdog between 2022 and 2024 due to misconduct. A dozen of these were dismissed from their post with 10 handed a “final written warning”. [...]
Leading criminal barrister guilty of sexual misconduct charges December 11, 2024 A Tribunal ruled a top criminal barrister, Jo Sidhu KC, was guilty of three charges of sexual misconduct against a young female barrister
Bullying and harassment cases rise at City firms, FCA finds October 25, 2024 There has been a sharp rise in non-financial misconduct at firms, according to a survey by the City regulator, but strikingly, the data revealed these companies took no action in more than half of investigations.
Harrods boss admits after Mohamed Al Fayed allegations: ‘We failed our colleagues’ September 26, 2024 The current managing director of Harrods has apologised and said the business “failed our colleagues” following sexual misconduct allegations about former owner Mohamed Al Fayed. Michael Ward said in a statement that it is clear Mr Al Fayed “presided over a toxic culture of secrecy, intimidation, fear of repercussion and sexual misconduct”. Mr Ward, who [...]
Non-financial misconduct: Will the FCA take a leaf out of the legal regulator’s book? May 3, 2024 All eyes are on the FCA's non-financial misconduct rules, but they may be a copy of the legal regulator rules, which is notorious for being strict