Avacade: Unregulated introducer Court of Appeal challenge begins

Sophie King
clock • 3 min read

A Court of Appeal challenge submitted by unregulated introducer firm Alexandra Associates begun on 7 July which aims to overturn a previous Financial Conduct Authority (FCA) legal victory over the firm. The appeal, submitted in July last year, was put forward after the High Court ruled in favour of the FCA in a civil action against Avacade and Alexandra Associates after pension savers were persuaded to invest millions of pounds into risky, unregulated schemes. The FCA alleged the two companies provided a pension report service and made misleading statements that induced customers to t...

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