Unauthorised adviser jailed for fraudulent trading

Four year sentence

Sophie King
clock • 1 min read

Unauthorised adviser Ian James Hudson has been sentenced to four years in prison over 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...

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

'Risk aversion' from FCA and PRA limiting UK growth and competitiveness

'Risk aversion' from FCA and PRA limiting UK growth and competitiveness

Regulators 'constraining firms', House of Lords report claims

Patrick Brusnahan
clock 13 June 2025 • 2 min read
FCA targeted support communication to 'ramp up' as further guidance issued

FCA targeted support communication to 'ramp up' as further guidance issued

Regulator expected to update the industry this month

Isabel Baxter
clock 09 June 2025 • 5 min read
FCA joins forces with international regulators on illegal finfluencer crackdown

FCA joins forces with international regulators on illegal finfluencer crackdown

Nine regulators from across the globe come together

Isabel Baxter
clock 06 June 2025 • 3 min read