Business & Economy · 3 views
‘You decided to evade them’: Former HSBC banker ‘clearly in a financial position to pay’ banned from finance for dodging $7,800 in fares
Britain’s financial regulator has banned a former HSBC banker from the industry over a train-fare fraud that cost a railway operator £5,911, or about $7,800.
Summary
Britain’s financial regulator has banned a former HSBC banker from the industry over a train-fare fraud that cost a railway operator £5,911, or about $7,800. The Financial Conduct Authority (FCA) barred Joseph Molloy from performing “any function in relation to any regulated activity carried on by an authorized person, exempt person or exempt professional firm,” according to a final notice dated Oct. 1.
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