Unregulated introducer firm Alexandra Associates is appealing a recent High Court decision made against it and is asking the judge to recuse himself from the case over claims of conflict of interest.
In late June the High Court ruled in favour of the Financial Conduct Authority (FCA) in a civil action against unregulated introducers Avacade and Alexandra Associates, after pension savers were persuaded to invest millions of pounds into risky, unregulated schemes. The FCA alleged the two companies provided a pension report service and made misleading statements that induced customers to transfer their pensions into self-invested personal pensions (SIPPs) and then to alternative investments, such as tree plantations and Brazilian property developments. The High Court found Avacade's ...
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