Advisor banned and hit with £30,000 fine for faking CII papers

An investment adviser has been banned and fined for faking Chartered Insurance Institute qualifications documents.

Alcoholic Darren Cummings  “poses a risk to consumers and to the integrity of the financial system”, says the FCA

He created two bogus statements of professional standing, claiming they were issued by the CII.

He was issued with a penalty of £29,300 and banned from carrying out regulated activity.

“The authority considers that Mr Cummings lacks honesty and integrity and, therefore, is not a fit and proper person,” the FCA said.