RegActions records a disclosed FCA monetary penalty of £2,354,331 dated 28 Jun 2023 for Lee Morgan.
Case facts
| Firm or individual | Lee Morgan |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 28 Jun 2023 |
| Penalty | £2,354,331 |
| RegActions breach classification | Pensions advice and transfers |
| Public case ID | 3c69b455-72cc-4f94-b907-0ba36019a3ed |
Case summary
FCA bans Lee Morgan for British Steel Pension Scheme advice failings Last updated: 28/06/2023 The Financial Conduct Authority has banned Denis Lee Morgan of Pembrokeshire Mortgage Centre Limited (in liquidation) (PMC) from advising any customers on pension transfers and pension opt outs, and from holding any senior management function in a regulated firm. Mr Morgan demonstrated a lack of competence in his oversight of PMC’s Pension Transfer advice process between 8 June 2015 and 7 December 2017.
Official evidence
This page meets the public case-page evidence threshold.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.