The UK Financial Conduct Authority (FCA) has issued an order prohibiting Tyrone Miller from engaging in any regulated activities conducted by authorized persons, exempt persons, or exempt professional firms.

In a civil lawsuit filed by the FCA in the High Court, the court ruled that Miller was involved in multiple violations of Sections 19 and 21 of the Financial Services and Markets Act by two companies operating under the name Gemini. Miller served as a director of these companies from January 25, 2015, to November 18, 2015.

On May 6, 2020, the High Court ordered Miller, along with other defendants, to pay the FCA £1,207,050 as compensation for the losses investors suffered through Gemini's investment in OPR. Since Miller failed to comply with this order, the FCA applied to the High Court to have him declared bankrupt. Miller was declared bankrupt on March 23, 2021.

The FCA considers Miller unsuitable to hold any position in regulated activities conducted by authorized persons, exempt persons, or exempt professional firms. The High Court's ruling on Miller's violations of the Financial Services and Markets Act indicates a severe lack of integrity, making him unfit for regulated activities.

In making this decision, the FCA took into account all relevant circumstances, including Miller's previous status as an individual regulated by the FCA and the serious risk he poses to consumers, financial institutions, and market confidence. The FCA believes that implementing this ban is appropriate to achieve its objectives of protecting consumers and maintaining market integrity.