PracticeConsultingInstitutes – disciplinary decisions

Institutes - disciplinary decisions

A commodity broker who lost his firm more than #500,000 by organising unauthorised foreign exchange transactions has been expelled from the English ICA.

Ajit Paramesh, who admitted he acted dishonestly by removing money from client accounts to carry out unauthorised speculative forward-dated foreign exchange transactions, was also fined #1,000.

Philip Stein, of Camden Road, London, was fined #1,250 with #800 costs and reprimanded for failing to reply to institute enquiries about a client complaint.

Victor Boorman & Co, of Hove, East Sussex, was fined #1,000 with #500 costs for incorrectly carrying out an insurance audit.

James Guest, of Princess Street, Manchester, was reprimanded and fined z500 with z750 costs after he withdrew more than #1,500 from a client account without authorisation.

Harold Smith, of Chinley New Road, Stockport, was reprimanded and fined #250 with #500 costs for signing an auditors’ report when unregistered.

Ramniklal Sodagar, of Foxbourne Road, London, was severely reprimanded and fined #1,500 with #500 costs for failing to supply information to the institute.

David Crook, of Garfield Road, Ryde, was reprimanded and fined #500 with #800 costs for also failing to reply to the institute’s requests for information.

ACCA’s disciplinary committee expelled Keith Sheenan, of Alfred Tooke & Co, Pinner, Middlesex, and fined him #512 for failing to co-operate with its monitoring unit.

Sydney Kalinsky, of King & King, Regent Street, London, was admonished and fined #1,000 with #578 costs by ACCA for failing to declare a relationship which could have affected his objectivity.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer