The UK’s Financial Conduct Authority (FCA) has banned three reps from its industry after finding that their convictions for sex offences rendered them unfit to work in the financial sector.
The FCA prohibited three men — Russell David Jameson, Mark Horsey, and Frank Cochran — from working in the financial industry following serious convictions for offences that were committed while they were in the industry.
According to the FCA, in July 2018, Jameson was convicted and sentenced to five years in prison for offences involving the making, possession and distribution of child porn. In addition to the prison term, he was banned from working with children or vulnerable adults.
Horsey, who was the sole director and shareholder of a financial advice firm, was convicted of voyeurism in September 2018. He was sentenced to nine months in jail (suspended for 18 months), 100 hours of community service, and was required to sign the UK’s sex offender registry.
Cochran was also a director and shareholder of a financial advice firm. In April 2018, he was convicted of sexual assault, and sentenced to seven years in prison.
“The FCA expects high standards of character, probity and fitness and properness from those who operate in the financial services industry and will take action to ensure these standards are maintained,” said Mark Steward, executive director of enforcement and market oversight at the FCA.