The Financial Conduct Authority has banned an investment adviser who was jailed for three and a half years after pleading guilty to his role in credit card fraud.
In a final notice published on its website today (June 4) the City watchdog confirmed Jason Taylor was no longer allowed to perform any function in relation to regulated activity following his sentencing at the beginning of last year.
Between 2012 and 2019 Mr Taylor was previously authorised by the regulator whilst working at four advice firms, including in a CF30 customer function at Quilter Financial Services Ltd until 2014.
But in January 2019 Mr Taylor pleaded guilty at Woolwich Crown Court to attempting to acquire criminal property and was sentenced to three and a half years imprisonment.
The FCA said: "In essence, Mr Taylor, by way of a joint enterprise, attempted to acquire £127,000, which represented the proceeds of fraudulent credit card transactions."
"The offence involved 'significant' planning and was described as being of a 'sophisticated' nature.
"The sentencing judge noted the 'cross-border' element to the offending, involving the use of illegally obtained US credit card details, as an aggravating factor."
The regulator said the former adviser's actions had shown a "clear and serious lack of honesty, integrity and reputation".
rachel.mortimer@ft.com
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