UK’s FCA Imposes £120k Fine on Former Shard James Lewis: Impact on Crypto Market and Coin Values
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UK FCA Imposes £120k Fine and Ban on ex-Shard CEO James Lewis
- The UK’s Financial Conduct Authority (FCA) has banned and fined ex-Shard Capital Partner CEO James Lewis for providing misleading information about clients’ cash.
- Lewis has been fined £120,300 and is prohibited from working in regulated financial services again.
- The FCA claims that Lewis knowingly provided false information that was used to produce clients’ annual accounts, thus putting investors at risk.
James Lewis, the former CEO of Shard Capital Partner, has been fined £120,300 and banned by the UK’s Financial Conduct Authority (FCA) for providing misleading information about clients’ cash, thereby jeopardising the market and investors.
“He won’t be allowed to work in regulated financial services again”
According to the FCA, between June 2015 and May 2017, Lewis informed auditors that Shard held hundreds of millions in cash for a specific client. However, it was later discovered that these amounts were debts owed by another client within the same group. Furthermore, between June and July 2021, Lewis provided another client with false ... Read the full article for FREE at COINOTAG!
