IFRITLEAKS
Former chief executive banned after misconduct led to £4m losses in high-risk investments
LONDON — The FCA has banned Jeffrey Dawkins, the former chief executive of Vector Wealth Ltd, after he dishonestly acted as a front for a disqualified director using the company to sell high-risk bonds. Mr Dawkins has also been fined nearly £270,000.In 2019, Mr Dawkins sold Vector Wealth to a disqualified director who described himself as CEO and wanted to use Vector Wealth’s FCA-authorised status to sell mini-bonds.Mr Dawkins told the FCA he was still in charge, but the new “CEO” was really running the firm. This deception allowed the disqualified director to promote mini-bonds using the legitimacy of the firm to make them appear safer than they were.The disqualified director and Kadir Kanizi, a former senior manager at Vector Wealth, promoted the bonds but investors were not properly warned about the risks.Investors put in £105,000 on average, with one investing £1.1 million. Before seeing the…
- FILE
- IF-A0078C
- AUTHORITY
- UK Financial Conduct Authority
- TYPE
- Fines · Bans · Warnings
- PUBLISHED
- 27 October 2026 (first seen here)
- FIRST SEEN
- 27 October 2026 · 10:03 UTC
- ORIGINAL
- https://www.fca.org.uk/news/press-releases/former-chief-executive-banned-after-misconduct-led-4m-losses-high-risk-investments
- SHA-256
- 4b9cb747a5d249c8d654a5b81305845c377bd6c04a02765d1bb100f22d95f2b8
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