The Financial Conduct Authority (FCA) has launched a review into how British financial regulators handled whistleblower complaints from former broker Simon Andriesz after his death in Thailand on September 23.
Andriesz's family said he died by suicide and stressed there was no indication of foul play. No official cause of death has been reported.
The review follows U.K. Members of Parliament (MPs) raising concerns about Andriesz's treatment by the FCA and calling for closer scrutiny of protections available to whistleblowers. The circumstances of Andriesz's death are separate from the questions lawmakers have raised about the FCA.
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The case affects regulators, lawmakers and whistleblowers who argue stronger safeguards are needed for people reporting alleged misconduct in the financial sector.
Andriesz had spent years raising concerns about alleged wrongdoing at financial services firm BGC Partners and about business links involving former company chairman Howard Lutnick and Jeffrey Epstein, the convicted sex offender who died in prison in 2019 while awaiting further charges. Lutnick founded and led BGC Partners before later joining President Donald Trump's administration as U.S. commerce secretary.
Earlier this year, Andriesz submitted information to the FCA, the FBI and other authorities concerning evidence he said showed business connections between Lutnick and Epstein. According to Andriesz, that material raised questions about Lutnick's public statements...
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