My cousin just got fired in the UK

I am asking for a family member. My cousin who works at a bulge bracket in London got fired a few weeks ago for not disclosing a potential outside business interest (compliance issue). He has been dismissed for gross misconduct. He spent 3 years at the firm. He wasn't FCA registered supposedly. And asked me how can this impact his career in the UK and employment prospects at other banks. I am not sure how to respond so I came to this forum.   

Comments (29)

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  • Analyst 1 in ER
2mo

Sounds like bullshit because no one gets fired for forwarding stuff to their personal email unless it's very obviously confidential/firm material. And if they just have a super strict compliance department, there's usually a strikes system.

We get literally hammered on compliance. We have tons of talks. Tons of training.

Also FCA registered sounds like a weird thing. Not all jobs need the FCA registration but if he did need it then usually you're not allowed to do very much without passing the exams. This all stinks of an untold story.

Regarding how it affects his future jobs well, its not great. You have to disclose whether you've ever been fired for a compliance misconduct. And then the background checks will get it anyway when they contact your previous firm.

2mo
wsomembersince09, what's your opinion? Comment below:

He said he was working on a potential outside business interest where he was looking to write an interview guide kind of book and had sent a couple of emails relevant to that, which compliance was not happy with. He was also supposedly resigning, which he had disclosed in IM to a couple of people he was close to, but they decided to fire him first and cut him out of the bonus. 

Asked me how long could this impact him. 

He asked me if he should go to the employment tribunal and I told him no. Because the chances of him winning are small and he will forever find a place on the local internet with respect to unwanted publicity 

  • 1
2mo
Five Star Man, what's your opinion? Comment below:

Sounds like you (he, if we want to keep pretending) aren't telling the full story.

If you were stealing firm training materials to try and publish your own book, I can very easily see why you were fired.

I assume this comes up continuously as a dismissal. 

If I were you, I'd come up with a better story to tell in interviews.

2mo
wsomembersince09, what's your opinion? Comment below:

This is the context that's been shared with me. What do you mean by "I assume this comes up continuously as a dismissal"?  

  • 1
  • Prospect in IB - Gen
2mo

Not to hijack the thread, but I was terminated without cause from an internship in London - will this be an issue in FT IB background checks?

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  • Anonymous Monkey
  • Rank: Chimp
2mo
Anonymous Monkey, what's your opinion? Comment below:

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