Bankers, don't dodge train fares on your commute. It could get you barred from the industry.

A former HSBC executive was barred from UK financial services after using a train-ticket fraud scheme to dodge nearly $7,900 in fares. Bloomberg/Getty Images A former HSBC executive has been barred from UK financial services over train fare fraud. The FCA said Joseph Molloy’s conviction showed a lack of honesty and integrity. Molloy dodged £5,911 in fares using a ticketing method known as "donutting." A former HSBC executive learned that a train ticket can become a career-ending expense in finance. Joseph Molloy was barred on Thursday by the UK’s Financial Conduct Authority from regulated financial services work after a criminal conviction for dodging fares. Molloy, 53, who until his retirement last year was the head of passive equity at HSBC Asset Management, used a method called "donutting" on journeys from his home on the outskirts of London to HSBC's office in the city.