CISI hits back at prime minister's conference speech line

May warned those who help clients 'tax dodge'

Tom Ellis
clock • 1 min read

The Chartered Institute for Securities & Investment (CISI) has hit back at prime minister Theresa May's comments about financial advisers and tax-dodgers in her speech at the Conservative Party Conference.

In one passage of yesterday's speech, May (pictured) warned: "If you are an accountant, financial adviser or middleman who helps people dodge tax, we are coming after you." Bristling at the portrayal of financial advisers in such a way, however, the CISI has responded by underlining its members are "committed to the highest standards of ethical behaviour". The trade body said: "CISI believes that professionals within the securities and investment industry owe important duties to their clients, the market, the industry and society at large. "Clients who are offered financial advice ...

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