A financial adviser has been given a 15-year bankruptcy restriction order for acting in the management of a limited company despite having previously agreed to a disqualification undertaking for 10 years, and breaching a bankruptcy order.
Stephen Benjamin James Todd had offered a disqualification undertaking on 8 October 2012 not to act as a director nor directly or indirectly act as a receiver of a company's property as a consequence of his previous conduct as a director of a company in liquidation, The Insolvency Service said. Acting in the management of IPR Capital Limited, Todd's following misconduct occurred in periods between 2013 and 2 February 2015. IPR went into provisional liquidation on 2 February 2015 and then liquidation on 1 April 2015 with liabilities of over £10m. Todd failed to disclose his income from...
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