Finance firm chief barred for ‘serious incompetence’

The Royal Court In what has been described as a ‘landmark case’ for the financial regulator and the industry, the Royal Court rejected David Jonathan Francis’s appeal against the decision of the Jersey Financial Services Commission to publicly criticise his business activities and to bar him from practice. Mr Francis was the subject of a JFSC public statement issued in 2013, which heavily criticised his actions while he was the chief executive and a major shareholder of Horizon Trustees (Jersey) Limited. A judgment made by the Royal Court on 4…

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