FCA Blocks Corporate Advice Firm From Disposing Of Assets

By Najiyya Budaly (May 3, 2022, 11:22 AM BST) -- The Financial Conduct Authority has moved to prevent corporate advisory firm Alexander David from dumping assets to stop it avoiding paying compensation to retirement savers who were given unsuitable pensions advice.

The FCA said on Friday that it has imposed requirements on Alexander David Securities Ltd., which mean that the corporate finance company must not dispose of any assets without the written consent of the City regulator. The watchdog said it wants to ensure that Alexander David has sufficient funds available to pay compensation to clients who were given unsuitable guidance on their retirement planning.

Alexander David was responsible for multiple agents,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!