Mr Waheed Oyekola Abidoye FFA FTA 8 July, 14 and 15 November 2024

Mr Waheed Oyekola Abidoye FFA FTA, London UK

Complaint

The allegations were that Mr Abidoye, as sole principal of Bright & Co, had breached IFA Bye- Law 12.2 and Regulations 19, 19, 40(2)(a), 24, 27-28 and 66 under the Money Laundering Regulations 2017. He also breached the fundamental principle of integrity in the IFA Code of Ethics. In 2023, he made an annual declaration for his firm that gave a false impression he was meeting his statutory obligations when he was not. His conduct was dishonest, as he knew at the time that this was not the case.

Finding

The Disciplinary Committee found the matters proved.

Order

Removed permanently from the register of members; Practising Certificate withdrawn permanently; fine of £5,000 and costs of £10,830.