A financial adviser who was convicted of trespassing and theft has launched an appeal against the FCA’s decision to cancel his permission.

The regulator said it considers that Anthony Badaloo of Church Hill Finance is “not fit and proper to be permitted to conduct regulated activities”.

But Mr Badaloo, whose firm was based in Barnet, is taking the case to the Upper Tribual to appeal the decision.

Mr Badaloo, a sole trader, had since 13 April 2015 “repeatedly failed to comply fully, or at all, with reasonable authority requests to provide information and documents to the authority in relation to his business records and his creditor position”, the FCA decision notice stated.

The FCA claimed Mr Badaloo, “has not been open and co-operative in all of his dealings” with it.

It said: “Mr Badaloo’s failure to provide the information and documents to the authority in relation to his business records and his creditor position means that the authority is unable to assess whether Mr Badaloo’s financial and non-financial resources are appropriate in relation to the regulated activities that he carries on and therefore whether Mr Badaloo is satisfying the appropriate resources Threshold Condition.”

On 2 October 2015, the notice stated Mr Badaloo was convicted of one count of trespassing and one count of theft, and on 30 October 2015, he was sentenced for those offences to a Community Order of unpaid work of 100 hours, and ordered to pay £3,500 in costs, plus a £60 victim surcharge.

The FCA notice stated: “On the basis of this, the authority considers that Mr Badaloo cannot be expected to act with probity.”

It has cancelled his part 4a permission but the tribunal will determine whether this is upheld.