Financial adviser cops £36,285 fine and two-year ban for insider trading

A financial adviser who worked at Towry has been fined £36,285 and banned for at least two years because he dealt shares on the basis of inside information. After two years Mark Taylor can apply for the prohibition to be lifted and the Financial Conduct Authority is “minded” to do so in the absence of new evidence that he is not fit and proper. The 44-year-old has been unemployed since he was dismissed by Towry on 14 July 2015 for gross misconduct.