The Financial Conduct Authority (FCA) has launched a probe into how the regulatory body interacted with a whistleblower who recently took his own life.
Simon Andriesz, a former managing director at BGC Partners, had blown the whistle on alleged links between the US secretary of commerce Howard Lutnick and convicted sex offender Jeffrey Epstein. He died last week after taking his own life at 57 years old.
In response, the Transparency Task Force, of which Andriesz was a member, has called for an inquiry into the FCA’s handling of whistleblowers, with John McDonnell MP, chair of the all-party parliamentary group on investment fraud and fairer financial services, leading the call.
The campaign group said the FCA had advised Andriesz that he had lost whistleblower protection because his identity had become known, which was incorrect, and that the FCA apologised and said it would provide further guidance and training to its whistleblowing team.
The group also highlighted that Andriesz had raised concerns over the “poor treatment of whistleblowers by the FCA” which led him to appeal to senior executives of the watchdog for help when he believed the retaliation against him was escalating and when he and his family were in crisis.
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On the call for the inquiry, McDonnell said: “We are aware that...
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