Mr Ishmael Bangura, AFA MIPA

Mr Ishmael Bangura, AFA MIPA
London, UK

Complaint

The allegations were that Mr Bangura breached IFA Bye-law 12.2 and IFA Membership Regulation 5.1(c) in that he failed to submit a firm return to the Institute by the prescribed date of 31 December 2022; and breached regulation 4.3 of the IFA Membership Regulations in that he failed to co-operate promptly and effectively with the Institute and its staff in respect of attempts by the Institute to undertake monitoring of his firm by way of the firm return required for 2023.

Finding

The Regulatory Committee found that there was a prima facie case to answer that rendered Mr Bangura liable to disciplinary action under IFA Bye-law 11.2 (c) and (d) for breaching IFA Membership, Member Firms, Affiliates and Students Regulation 4.3 and IFA Bye-law 12.2.

Consent Order

Severe Reprimand, fine of £3,000 and costs of £651