A Spring flowering of financial services court decisions

The vernal months produced an array of judicial opinions – on whether a WhatsApp trading tip service constituted a regulated activity, LCF compensation, the nature of a complaint, as well as culpability for non-disclosure of insurance and other non-investment commission. Adam Samuel digs into the judgments.

Adam SamuelBA LLM DipPFS MCISI FCIArb Certs CII (MP&ER) Barrister and Attorney may be contacted atadamsamuel@aol.com.For links to where you can buy the second edition of ‘Consumer Financial Services Complaints and Compensation’, see www.adamsamuel.com/book.

There was a sudden peculiar rush of highly relevant court decisions on financial services compliance issues at the end of March 2021 and into April. The Adams v First Options [1] case led the way with a devastating indictment of the sleazy part of the self-invested personal pensions (SIPP) industry. That is the subject of a separate article. [2]