The UK’s Financial Conduct Authority has clarified that serious bullying, harassment and violence in the work place qualify as misconduct at financial firms, behavior that could ultimately lead to a ban from the sector.
City firms reported a 72% surge in non-financial misconduct claims over the three years to October. That survey followed several high profile scandals, including sexual assault allegations made against hedge fund manager Crispin Odey and ex-Barclays Plc’s boss Jes Staley’s ties to disgraced financier Jeffery Epstein.
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