Ex CEO and former FD of stockbroker fined and banned

Pacific Continental Securities UK Limited (PCS), a stockbroking firm, now in liquidation, used high pressure sales techniques that deprived clients of suitable advice and has now cost two of its past directors prohibition and a financial penalty. Steven Griggs, the former chief executive was fined £80,000 and Charles Weston, the ex finance director, £95,000 for management failures and not ensuring that customers were treated fairly between 1 April 2005 and 20 June 2007.