From: RegTech Analyst
The UK financial watchdog has banned three individuals from working in finance after they were convicted for different sexual crimes.
The Financial Conduct Authority (FCA) has prohibited Russell David Jameson, Mark Horsey, and Frank Cochran from working in the financial services industry following findings that they are not fit and proper.
“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.
Jameson previously worked as a financial adviser at an authorised firm. However, the City watchdog found that in July 2018, Jameson was convicted of serious criminal offences involving the making, possession and distribution of indecent images of children.
Between January 2013 and August 2017, Jameson made thousands of indecent photographs of children and had thousands of such images in his possession, including films and images of the utmost severity.
He has since been sentenced to five years in prison and has been ordered to sign the sex offenders register indefinitely.
Horsey was the sole director and shareholder of an authorised financial advice firm with permission to conduct designated investment business .
In September 2018, Horsey was convicted of voyeurism, contrary to the Sexual Offences Act 2003. Horsey had surreptitiously observed and video recorded his tenant having a shower without their consent. He committed the offence whilst he was an approved person.
Horsey was sentenced to nine months’ imprisonment suspended for 18 months, required to complete 100 hours of unpaid work and 25 days of rehabilitation activity, and required to sign the sex offenders register.
Cochran was a director and shareholder of an authorised financial advice firm with permission to advise on pensions, mortgages and investments. In April 2018, Cochran was convicted of sexual assault, engaging in controlling and coercive behaviour and an offence contrary to the Protection from Harassment Act 1997.
Cochran was sentenced to seven years’ imprisonment and required to sign the sex offenders register.
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