FCA Fines and Bans Former SVS Securities CEO
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5 Articles
FCA Bans Ex-SVS CEO, Cuts Fine to £56,400 in Settlement
Why Did The FCA Fine Demetrios Hadjigeorgiou? The Financial Conduct Authority has banned former SVS Securities Plc chief executive Demetrios Hadjigeorgiou from holding senior management or significant influence functions in UK financial services and fined him £56,400, closing his part of an enforcement case linked to the investment firm’s 2019 collapse. Hadjigeorgiou had challenged an April 2024 decision that proposed an £84,600 penalty and refe…
FCA Fines and Bans Former SVS CEO Over Pension Fund Failures
The Financial Conduct Authority has banned Demetrios Hadjigeorgiou from holding senior management positions in financial services and fined him £56,400 over failures at former discretionary fund manager SVS Securities Plc.The case has also resulted in regulatory action outside the UK. Earlier, the Dubai Financial Services Authority banned former SVS CEO Kulvir Virk from performing any function connected with financial services in or from the Dub…
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investment-international.comFCA fines and bans former SVS Securities CEO
The FCA has banned former SVS Securities CEO Demetrios Hadjigeorgiou from working in senior management positions in financial services and fined him £56,400. Hadjigeorgiou was the former chief of discretionary fund manager SVS, which managed around £69.6m on behalf of 879 retail customers through self-invested personal pensions. While Hadjigeorgiou was CEO, the firm invested customers’ money, including pension savings, in high-risk products whi…
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