FSA fines and bans father and son advisers

The regulator says Neil Marlow and son Timothy, both directors at the Bridford Group in Skipton, were involved in promoting an investment scheme without proper consideration of how it would work between 2005 and 2007. It adds the marketing material for the scheme did not set out the true risks involved and therefore was misleading. The directors were also charged with failing to disclose material information to customers. This included making a series of unauthorised transfers of investors' funds in an attempt to generate the returns on the investment that customers had been promis...