The ruling upheld the FCA's decision to ban him from working in the market, and argued that he “lacked integrity” after submitting mortgage applications containing inaccurate information to two lenders.
Although the FCA could not establish that Mr Batra had been “deliberately dishonest”, the Upper Tribunal agreed that he had not been open and co-operative with the regulator, and had either knowingly or recklessly gave the FCA incorrect information during interviews.
Mr Batra has now been given a final notice, and was prohibited from working in the market from 17 July.
