FCA brings fraud charges against unregulated adviser

Sophie King
clock • 1 min read

The Financial Conduct Authority (FCA) has started criminal proceedings against Ian Hudson over unregulated investment advice and operating Richmond Associates with intention to defraud clients.  Appearing at Westminster Magistrates' Court, Hudson was charged on three accounts relating to fraudulent activity.  These include; carrying on a business, Richmond Associates, with the intention to defraud creditors and carrying on regulated activities namely advising on investments and accepting deposits without authorisation. The regulator has alleged that between 1 January 2008 and 31 Ju...

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