Mr Lindsay Proudfoot AFA MIPA 
St Brelade, Jersey

Complaint 

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

Finding 

The Regulatory Committee found that there was a prima facie case to answer that rendered Mr Proudfoot liable to disciplinary action under IFA Bye-law 11.2 (c) for breaching IFA Membership, Member Firms, Affiliates and Students Regulations, Regulation 4.2 and IFA Bye-law 12.2.

Consent Order 

Reprimand, fine £500 and costs of £371.