Key facts
- The FCA has banned Nurul Miah, also known as Neil Mia and Neil Miah, from working in financial services.
- Miah was a non-legal manager at Kingly Solicitors Limited.
- The Solicitors Regulation Authority (SRA) found Miah dishonestly caused or allowed more than £28 million of client money to be taken from client accounts without permission between April 2019 and July 2020.
- The SRA also found that more than £10 million of client money was missing and had been used by Miah for his own benefit.
- Miah was approved by the FCA in 2016 to work in senior management roles at an unconnected firm, Oracle Consultants Ltd.
- The FCA concluded Miah's actions showed he lacked the honesty and integrity needed to work in financial services.
The UK's Financial Conduct Authority (FCA) has banned Nurul Miah, also known as Neil Mia and Neil Miah, from working in financial services. The decision follows findings by the Solicitors Regulation Authority (SRA) that Miah, a non-legal manager at Kingly Solicitors Limited, dishonestly caused or allowed over £28 million of client money to be transferred from client accounts without permission between April 2019 and July 2020. The SRA also determined that more than £10 million of client money was missing and had been used by Miah for his personal benefit. Miah had previously been approved by the FCA in 2016 for senior management roles at Oracle Consultants Ltd, a firm unrelated to Kingly Solicitors. The FCA concluded that Miah's conduct demonstrated a lack of the honesty and integrity required for roles within the financial services sector. Therese Chambers, executive director of enforcement and market oversight at the FCA, stated that Miah dishonestly used client money for his own benefit and has no place in financial services, emphasizing the ban's purpose to protect consumers and maintain confidence in the financial system.