FCA ban on adviser convicted of child grooming upheld by tribunal

“On the basis of the facts that we have found, and the assessment that we have made of all of the circumstances surrounding Frensham’s conviction and his subsequent conduct, in our view it would be inevitable that if the matter was remitted to the FCA, then the same decision to withdraw Frensham’s approvals and make a prohibition order would be made. 

“In our view, the FCA would be fully entitled to take that course.”

FTAdviser has approached the FCA for comment.