But no Hoops fans were affected by the con and the club was quick to axe the link with Goodwin after FIMBRA
Caledonian is prevented from financial dealings during the FIMBRA probe.
He added: "Celtic has instructed its auditors to ensure that FIMBRA continues to investigate and monitor Caledonian Investments activity with the aim of protecting the interests of Celtic clients.
The Record revealed that watchdog FIMBRA
was probing Glasgow-based Caledonian Investments Ltd over alleged irregularities.
The inquiry, by financial watchdogs FIMBRA
, has been going on for several weeks.
He was authorised by the watchdog organisation FIMBRA
from May, 1988, but surrendered his authorisation at the end of 1994.
A PIA spokeswoman said the firm had been authorised to conduct investment business through its FIMBRA
membership, but the decision meant it was no longer authorised under either body.
Mr Richard Johnson, an independent financial adviser in Wolverhampton, has been refused membership of the Personal Investment Authority, nearly five years after he was first authorised by its predecessor organisation FIMBRA
It is understood Messrs Graham and Michael Petrie, the firm's two advisers have been in business under other names for 25 years, regulated by FIMBRA
and its predecessor.