Mr Tolulope Sofela AFA MIPA   
Lagos, Nigeria

Complaint 

The allegations were that Mr Sofela 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 Sofela 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 £3,400 and costs of £371.