The Financial Conduct Authority issued a final notice against Michael Rose Curtler prohibiting him from performing any function in relation to any regulated activity carried on by a UK authorized firm. This final notice arose as a result of Mr Curtler’s conduct in allegedly manipulating or attempting to manipulate the USD London Interbank Offer Rate. When assessing an approved person's fitness and propriety to carry out a controlled function in a regulated firm, the FCA has regard to a person's honesty and integrity. On October 8, 2015, Mr Curtler pleaded guilty before the United States District Court for the Southern District of New York to a single count of conspiracy to commit wire fraud and bank fraud. The FCA deemed that Mr Curtler's criminal conviction demonstrated a lack of integrity and a level of dishonesty which was further worsened by the fact that he knew what he was doing was wrong.

View the final notice.