The Tribunal found that Mr Fletcher engaged in deliberate and sustained misconduct by supplying both the Applicant and his Firm with false and misleading Metro Bank documents in order to conceal the true position of the client account and prevent discovery of a significant shortage of client funds. He knowingly provided fabricated bank statements and a false bank letter which he alone was in a position to falsify, and that he misled the Firm’s cashier by providing further forged statements showing a fictitious £2.1 million balance. The Tribunal was satisfied that Mr Fletcher knew these documents were false and that he acted with the intention of concealing his misappropriation of client monies. Accordingly, the Tribunal found all allegations proved. The Tribunal’s reasoning can be accessed here: