The UK Financial Conduct Authority (FCA) has issued a ban as to Christopher Vincent Summers.

The FCA order prohibits Mr Summers from performing any function in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm.

Between 20 March 2014 and 16 April 2019, Mr Summers engaged in criminal activity whilst performing the role of a financial adviser as an approved person at an authorised firm.

On 18 November 2020, at Manchester Minshull Street Crown Court, Mr Summers pleaded guilty to one count of fraud by abuse of position and two counts of fraud by false representation involving three separate victims.

On 21 December 2020, Mr Summers was sentenced to a total term of six years’ imprisonment and ordered to pay a £120 victim surcharge.

It appears to the FCA that Mr Summers is not a fit and proper person to perform any functions in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm.

According to the FCA, Mr Summers’ convictions demonstrate a clear and serious lack of honesty and integrity such that he is not fit and proper to perform regulated activities. In reaching this decision, the Authority has had regard to all relevant circumstances, including the relevance and materiality of the offences, and the severity of the risk posed by Mr Summers to consumers and to confidence in the UK financial system.

The Authority considers that it is appropriate to impose the prohibition order to achieve its consumer protection and integrity objectives.