FCA fines and bans Craig Buchan and Martin Cooke for recklessly breaching requirements

News Financial services Sanctions & Fines

Date: 15th Nov, 2024 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

On December 14, 2020, the FCA imposed an asset requirement on MedDen. Craig Buchan and Martin Cooke, former partners of MedDen Financial Services LLP, were fined £6,037 and £6,020 respectively for recklessly breaching this requirement by withdrawing £9,292.36 from the firm's bank account for their own benefit, leaving no funds for customers owed redress.

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FCA fines and bans Craig Buchan and Martin Cooke for recklessly breaching requirements

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FCA fines and bans Craig Buchan and Martin Cooke for recklessly breaching requirements

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