Adam Lancelot, who previously worked for Barclays Wealth and Bank of America, worked in the investment advice sector.
In 2015 and 2016 two separate firms contacted the FCA asking it to approve Lancelot to work for them, but in the application forms he omitted two previous criminal convictions.
These included handling stolen goods in 2006, and four counts of making a false statement or representation to obtain benefit or payment in 2012.
“The authority considers that these facts and matters demonstrate that Mr Lancelot is dishonest and is not a fit and proper person, and that Mr Lancelot poses a risk to the integrity of the market and to consumers,” said the FCA.
The regulator has now banned Lancelot from performing any function in relation to any regulated activity carried out by any authorised person, exempt person or exempt professional firm.
Lancelot explained to the FCA that he had left out his criminal convictions from the applications in order to increase the chances of the them going through, and believed the authority would not do a background check.
