FCA Starts Proceedings Against Ian Hudson

Latest update from the FCA;

The Financial Conduct Authority (FCA) has commenced criminal proceedings against Ian James Hudson, following an investigation.

Mr Hudson appeared at Westminster Magistrates’ Court in relation to three charges. This includes carrying on a business, namely Richmond Associates, with the intention to defraud creditors and carrying on regulated activities namely advising on investments and accepting deposits without authorisation.

The FCA alleges that between 1 January 2008 and 31 July 2019, Mr Hudson advised on investments and purported to invest deposits received by him from clients on their behalf. At no point during this time was he authorised by the FCA to undertake these financial services, as is required by law.

Further, while Mr Hudson told clients that the money they deposited with his business, Richmond Associates, would be invested in various financial vehicles or otherwise put to specific uses, this was not always the case.

Mr Hudson will appear at Southwark Crown Court for a Plea and Trial Preparation Hearing on 17 June 2021.

About alastair walker 6125 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.