Unauthorised financial adviser pleads guilty to £1.9m client fraud

clock • 2 min read
Unauthorised financial adviser pleads guilty to £1.9m client fraud

UPDATE: Today (26 July) at Southwark Crown Court, Judge Tomlinson sentenced Ian James Hudson to four years' imprisonment for one count of fraudulent trading, with two additional terms of 14 months, each reflecting a breach of s19 FMSA, to run concurrently following his earlier guilty plea. The UK's Financial Conduct Authority said in a statement that this followed charges laid by the FCA namely carrying on a business, Richmond Associates, for a fraudulent purpose and carrying on regulated activities...

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