Financial Advisors and Financial Advice Companies

Legal representation for financial advisors and financial advice companies Leeds

Our expert employment law solicitors offer specialist representation for financial advisors in all cases presented by the Financial Conduct Authority (FCA).

We also offer representation in certain cases presented by the Prudential Regulation Authority (PFA).

The Regulatory Process

The FCA has a supervisory and enforcement division;they manage any formal investigation or complaint brought against individuals and companies operating in the financial industries. Any case found relevant for malpractice is handed to an investigator, and the company involved is notified of the investigation.

If an investigator fails to find resolution through an executive settlement, the company will be sent a warning notice, and the matter handed to the Regulatory Decisions Committee (RDC). A meeting will be held to resolve the situation, and the company or individual involved should provide written information in advance wherever possible and further verbal information as requested at the meeting. They also have the right to view all the information held by the RDC.

Once the investigation is complete, the RDC will issue a decision notice to outline the reasons for their verdict. The final notice outlines the proposed actions for resolution.

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Appeal

The company, or individual, can appeal against the RDC to the Upper Tribunal (Tax and Chancery Chamber). A meeting will be arranged to consider their decision.

Internal Disciplinary Proceedings

We also represent any financial advisor or financial advice company involved in cases where their employer or line manager has brought internal disciplinary proceedings against them.

Representation for financial advisors and financial advice companies in cases of regulatory proceedings

If you are subject to legal proceedings in respect to your role as a financial advisor, please contact us on 0113 4334 118, or complete the form on our enquiry page. One of our dedicated team will contact you as soon as possible to discuss your case, possible outcomes and all of your available options.

Our Team

Louise Carr

Louise Carr

Our team is headed up by Louise Carr who had specialised in employment law for more than 15 years. She regularly appears in the employment tribunal and has been particularly involved in dealing with complex multi-day discrimination claims.

Craig McCracken

Craig McCracken

Craig McCracken is a Director in our employment team who also specialises in employment law with over 14 years’ experience in dealing with both contentious and non-contentious matters.In the most recent Legal 500 clients described Louise as being “accessible and down to earth” providing “clear and concise advice…in an exceptionally personable way”. Craig was described as “very knowledgeable and approachable” giving “sound advice”.