FCA bans Mark Anthony Jensen
The UK Financial Conduct Authority (FCA) today issued a final notice regarding Mark Anthony Jensen.
The Authority made an order, pursuant to section 56 of the Act, prohibiting Mr Jensen from performing any function in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm.
Between 28 February 2009 and 23 July 2019, Mr Jensen engaged in criminal activity, in part, whilst an approved person and performing the role of a financial advisor.
On 18 March 2021, at South and West Devon Magistrates Court, Mr Jensen pleaded guilty to seven counts of fraud by false representation, contrary to sections 1 and 2 of the Fraud Act 2006.
On 25 March 2021, he was sentenced to a total term of five years and four months’ imprisonment, having received credit for an early guilty plea that reduced his sentence by a third.
The FCA explained that Mr Jensen 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. His conduct and 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 Jensen to consumers and to confidence in the UK financial system.