FCA Shifts Focus to Suspected Criminal Offences in Case Against WealthTek LLP and Its Founder

The Financial Conduct Authority (FCA) has announced that it will pause its civil case against Martin Dance, the co-founder of WealthTek LLP, over serious regulatory breaches for a period of 12 months. This decision comes as the FCA shifts its focus towards investigating suspected criminal offences committed by Mr Dance.

The FCA's investigation into suspected criminal offences related to WealthTek LLP and Martin Dance is ongoing, and the progress made in this investigation has led the authority to dedicate its resources towards these alleged crimes.

However, the FCA has also clarified that the option to restart their civil case against Mr Dance remains open. Additionally, the FCA had previously secured a court order for the special administration of WealthTek LLP on 6 April 2023, which is still being carried out.This announcement highlights the seriousness with which the FCA is treating the alleged criminal offences associated with WealthTek LLP and its co-founder, Martin Dance. The authority is utilizing all available resources to thoroughly investigate these allegations and bring any wrongdoers to justice.