FCA fraud trial halted amid barrister pay row

Carmen Reichman
clock

A fraud case brought by the Financial Conduct Authority (FCA) was halted after no barristers were willing to represent the defendants following recent legal aid cuts.

The FCA's first court case was 'stayed' by a judge who ruled the defendants would not get a fair trial without the representation of a qualified barrister. The FCA now has until Friday 3pm to lodge an appeal against the ruling for the case to be considered by the Court of Appeal, or else the five indicted men walk free. R v Crawley & Others, who are being prosecuted by the FCA for alleged boiler room fraud, were represented by Alex Cameron QC - the prime minister's brother, who worked free of charge on the bid to halt the case. The Ministry of Justice had suggested "suitably qualif...

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

TISA urges FCA to rethink targeted support fees and levies proposals

TISA urges FCA to rethink targeted support fees and levies proposals

Could ‘undermine’ the aims of targeted support

Isabel Baxter
clock 12 January 2026 • 2 min read
FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read
FCA sets out plans to simplify complaints regime

FCA sets out plans to simplify complaints regime

Including requirement for firms to report complaints involving vulnerable clients

Isabel Baxter
clock 04 December 2025 • 2 min read