Trial of adviser accused of hacking client data delayed

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A financial adviser accused of lifting clients' details from his employer's database before joining another firm is set to face a retrial next year after a verdict failed to be reached in the original case.

Stephen Wales is accused of stealing client information from The Pension Drawdown Company - an appointed representative (AR) of Tenet - in 2010 before joining national IFA Positive Solutions. The Crown Prosecution Service (CPS) has estimated a retrial will take place in February next year after a jury at Exeter Crown Court failed to reach a verdict in a week-long fraud case heard in July 2014. A retrial was expected to take place this year, but the CPS has shifted the estimated date to 29 February 2016. At the 2014 trial, representatives for The Pension Drawdown Company said Wales ...

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