A web of deceit: How one IFA's trickery led to his downfall

A web of deceit: How one IFA's trickery led to his downfall

Laura Miller
clock

Going behind the back of his firm's principal, and its network, building a web of companies to do his bidding and mis-using risk questionnaires to persuade unwitting investors to part with their money - how one IFA spun a web of deceit before losing it all.

The Financial Conduct Authority (FCA) has fined Craig Cameron, director of London IFA Burlington Associates, £350,000 and banned him from practising for mis-selling high risk unregulated collective investment schemes (UCIS). He was found by the regulator to lack honesty and integrity - and the FCA's final notice reveals the extent of Cameron's activities...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read
Advice/guidance boundary review will help 'bridge advice gap'

Advice/guidance boundary review will help 'bridge advice gap'

The FCA’s latest update leads to mixed reactions from the industry

Sahar Nazir
clock 04 August 2023 • 4 min read
FCA review confirms investment pathways working 'as intended'

FCA review confirms investment pathways working 'as intended'

No changes to initiative but industry called to better support savers

Holly Roach
clock 12 July 2023 • 3 min read