A former adviser and his business partner were found guilty of six charges in relation to giving unauthorised advice and concealing facts by a court on Thursday.
Gary Hexley and John Cooper were held responsible for giving financial advice to elderly investors without holding relevant permissions over a period of 18 months, and for failing to inform those investors that they were not authorised to give the advice and their firm had gone bankrupt in 2010. The pair were found guilty on six counts and two counts respectively under the Financial Services and Markets Act, at Birmingham Crown Court, following a 29 day trial. They were released on bail and their sentencing scheduled for 14 November. Cooper was also found guilty of advising a clien...
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