01 · In plain English
What happened.
On 25 July 2025 the FCA issued a Final Notice fining individual Jean‑Noel Alba £1,049,500 and imposing a prohibition. The notice records breaches of APER 1 and 4 (rules in the Appointed Representatives sourcebook governing obligations of appointed representatives and their oversight) and Individual Conduct Rules 1 and 3 — Rule 1 requires acting with integrity and Rule 3 requires dealing with the FCA openly and cooperatively. The action was taken by the Financial Conduct Authority; the FCA Final Notice is published at the link below.
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA published.
On 25 July 2025, the Financial Conduct Authority fined Jean-Noel Alba £1,049,500. This Final Notice has breaches of APER 1 and 4 and Individual Conduct Rule 1 and 3 (not acting with integrity/dealing with us openly) with a prohibition and fine. Source: the FCA's published list of 2025 fines.
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