TITLE

Judge brands adviser a disgrace over fraud

AUTHOR(S)
Smith, Andrew
PUB. DATE
August 2009
SOURCE
Money Marketing;8/13/2009, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the acceptance of financial adviser William Gales that he obtained property by fraud and deception before the Lincoln Crown Court in England in England. It is noted that Gales used his bank clients money to fund an extravagant lifestyle. He was a former Lloyds TSB employee in Boston, Lincolnshire, England and one of the bank's most successful advisers.
ACCESSION #
44018385

 

Related Articles

  • Question Your Protection. Hill, Christopher // American Cemetery;Jan2011, Vol. 83 Issue 1, p26 

    In this article the author suggests some questions which should be considered by financial adviser before creating sound comprehensive plan for financial protection of his clients. It is indicated to ask questions related to lawsuit protection, like what are the deductibles on client's car and...

  • Court Provides a Primer about Top-Hat Plan Litigation. Schneider, Paul // Journal of Financial Service Professionals;May2012, Vol. 66 Issue 3, p22 

    For several decades financial service professionals have been patiently waiting for a bright line test to be articulated so that they can determine with some certainty who is and who is not a proper member of a "select group." Even though this has not yet occurred, as more and more courts have...

  • Harriet Quiney: Adviser victory ends legal uncertainty. Quiney, Harriet // Money Marketing (Online Edition);2/24/2014, p9 

    The article presents the author's views on the British Court of Appeal's decision in the case of Clark & Clark v In Focus over compensation. He refers to the decision which says that an investor can't accept an award from the Financial Ombudsman Service and then litigate the same matter in...

  • Brokerage Giant Settles Discrimination Lawsuit. Tarm, Michael // Chicago Citizen - Hyde Park Edition;9/25/2013, Vol. 24 Issue 44, p3 

    The article reports on the $160 million settlement received by African American financial advisers in a lawsuit against Wall Street brokerage company Merrill Lynch on racial discrimination in the U.S. It states that the settlement is one of the largest racial discrimination cases, involving 1200...

  • Class-Action Surge Strains Processing Abilities. KENTOURIS, CHRIS // Securities Industry News;3/16/2009, Vol. 21 Issue 6, p8 

    The article reports that money managers and their financial intermediaries are beefing up internal resources or turning to third-party processing agents as securities class-action lawsuits mount. This is to handle the complex operational work required to retrieve billions of dollars of...

  • Keeping track of client advice. Nethercote, Tim // Money Management;3/23/2006, Vol. 20 Issue 10, p22 

    The article discusses the importance of good record-keeping on the financial advisers in Australia. The author explains that clear and better paper trail can help advisers manage particular risk that might occur in the absence of clear record-keeping. It can help advisers to managed the risk of...

  • Out of Reach. Twibell, David A. // Financial Planning;Jun2005, Vol. 35 Issue 6, p129 

    Emphasizes that self-settled asset protection trusts can safeguard assets from potential lawsuits. Discussion on the cost of lawsuits in the U.S.; Importance for financial planners to have sufficient information about self-settled asset protection trust; Professionals and businesses that are on...

  • Nobody Wins. Asnes, Marion // Financial Planning;Jul2009, Vol. 39 Issue 7, p14 

    The author expresses her views on how financial planners and advisors should respond to the uncertainty as a result of the growing number of legal actions against fraudulent advisors. She cites the open letter of the National Association of Personal Financial Advisors (NAPFA) in June 2009 which...

  • IFAs urged to get 'statement of truth' from complainants. Anker, Guy // Money Marketing;6/1/2006, p3 

    The article reports that the Association of Independent Financial Advisors (AIFA) is suggesting that complainants against independent financial advisers (IFAs) in Great Britain should provide a signed declaration that their complaint is real. The move by AIFA is designed to discourage complaints...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics