FCA ban follows SRA findings over more than £28million taken from client accounts.
FCA bans Nurul Miah, also known as Neil Mia and Neil Miah, from working in financial services after findings by the Solicitors Regulation Authority (SRA) concerning the handling of client money at Kingly Solicitors Limited.
The Financial Conduct Authority (FCA) said on 15 September 2026 that it had banned Mr Miah from financial services after the SRA found that he dishonestly caused or allowed more than £28 million of client money to be taken from client accounts without permission between April 2019 and July 2020.
The SRA findings concerned Mr Miah’s role as a non-legal manager at Kingly Solicitors Limited. The regulator also found that more than £10 million of client money was missing and had been used by Mr Miah for his own benefit.
The FCA’s action therefore extends beyond the regulatory history of the law firm and affects Mr Miah’s ability to work in the financial services sector.
Mr Miah had previously been approved by the FCA in 2016 to work in senior management roles at Oracle Consultants Ltd, an unconnected firm.
The FCA said it had concluded that Mr Miah’s actions showed that he lacked the honesty and integrity required to work in financial services.
Therese Chambers, FCA executive director of enforcement and market oversight, said the regulator had banned Mr Miah to protect consumers and help maintain confidence in the financial system.
For solicitors and law firms, the case highlights the regulatory consequences that can follow findings concerning the handling of client money. The FCA’s decision is based on findings made by the SRA about conduct at a law firm, but the consequences now apply to work in a separately regulated financial services environment.
The SRA’s published decision records that Mr Miah was not a solicitor and was the owner and manager of Kingly Solicitors Limited. The SRA imposed a financial penalty of £3,984,440 and costs of £41,670, and made a finding of dishonesty against him. It also imposed a disqualification order under section 99 of the Legal Services Act 2007.
The SRA’s records identify Kingly Solicitors Limited as a licensed body that has since ceased to practise. Its register records that the firm’s licence ceased on 12 August 2020. The SRA’s earlier enforcement announcement said the firm had been shut down in 2020 following concerns about misuse of client funds.
The FCA’s latest decision is specifically concerned with Mr Miah’s suitability to work in financial services. The regulator has made clear that the ban means he cannot work in that sector.
The FCA said it was publicising the decision so consumers and firms would know that Nurul Miah, also known as Neil Mia and Neil Miah, cannot work in financial services.
The decision follows the FCA’s consideration of the conduct findings made by the SRA. It demonstrates how regulatory findings concerning an individual’s honesty and integrity can have consequences outside the original professional setting where the conduct occurred.
The FCA published a Final Notice alongside its announcement. Its press release was first published on 15 September 2026 and updated on 16 September 2026 to correct a typo.