Unauthorised adviser jailed for fraudulent trading

On Monday (26 July) at Southwark Crown Court, Judge Tomlinson sentenced Hudson, who ran Richards Associates, to four years' imprisonment for one count of fraudulent trading, with two additional terms of 14 months, to run concurrently following his earlier guilty plea. Hudson ran the business for a fraudulent purpose and carried on regulated activities when not authorised or exempt, the Financial Conduct Authority (FCA) said. Between 1 January 2008 and 31 July 2019, Hudson gave unauthorised advice on regulated mortgages, pensions and other investments, according to the financial watchd...