Mr Carl Groves FFA FIPA 
New Milton, UK 

Complaint 

The IFA alleged that Mr Groves breached IFA Membership, Member Firms, Affiliates and Students Regulation 4.2, in that the Member failed to submit a member return by the prescribed date of 31 December 2021 and breached IFA Bye-law 12.2 in that the Member failed to co-operate with the administration of the IFA’s compliance and monitoring functions. 
  

Finding 

The Regulatory Committee found that there was a prima facie case to answer that rendered Mr Groves liable to disciplinary action under IFABye-law 11 for breachingIFA Membership, Member Firms, Affiliates and Students Regulation 4.2 and IFA Bye-law 12.2. 

Consent Order 

Reprimand, fine £500 and costs of £372.