FCA tries to ban IFA convicted of grooming

Decision referred to Tribunal

The Financial Conduct Authority (FCA) has served a provisional notice to Frensham Wealth director and IFA Jon Frensham after he was convicted for grooming.

The FCA said that Frensham, formerly known as Jonathan James Hunt, is not a fit and proper person and has subsequently attempted to withdraw his approval to perform his current senior management functions. In March 2017, Frensham was convicted of attempting to meet a child following sexual grooming, an offence he committed while he was an approved person. Following the conviction, Frensham was sentenced to 22 months in prison, suspended for 18 months. The IFA is the sole director at Frensham Wealth Limited. Frensham has referred the decision notice to the the Tribunal where he a...