FCA bans broker who poached colleagues from rival firm

The Financial Conduct Authority (FCA) has banned former BGC Partners senior executive Anthony Verrier due to concerns over his integrity, after he was found to have poached former colleagues from a rival firm.

The FCA has wanted to ban Verrier for two years, after a series of court trials found he had orchestrated a poaching spree after quitting at his former employer. Verrier quit his job as second most senior executive broker at inter-dealer brokerage Tullett Prebon in 2008, and later orchestrated poaching former colleagues from the firm for his new employer BGC. The FCA found that Verrier was not a fit and proper person due to concerns over his integrity based on findings during the High Court and Appeals trials brought by Tullett Prebon v BGC Brokers (and 13 others). FCA director of ...