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“One of the worst cases we have seen”, says FCA as advisers banned and fined

Foundry labourer breaks up steaming moulds
Photo: Getty Images

Hundreds of customers given dishonest advice, including yet more British Steel pensioners.

Darren Reynolds of Active Wealth (UK) Limited (Active Wealth) and Andrew Deeney are the latest advisers to be fined and banned from working in the financial industry by the FCA, over what the regulator called dishonest and reckless conduct, including one of the worst cases the regulator says it has