Violation Tracker UK Individual Case
: Avacade Future Solutions et al.
: 4 August, 2021
: financial offences
: investor protection violation
: The Court of Appeal upheld findings of breaches against Alexandra Associates (UK) Limited trading as Avacade Future Solutions. The FCA alleged, and the High Court found, that Avacade engaged in arranging and promoting investments without FCA authorisation and made false and misleading statements to investors which induced them to transfer their pensions into self-invested personal pensions (SIPPs) and then into alternative investments such as HotPods (office space available for rent), tree plantations and Brazilian property developments.
: agency action
: Financial Conduct Authority
Source of Data
: (click here)