Individual imprisoned for fraudulent trading and FSMA breaches

Ian Hudson has been imprisoned for 4 years, for one count of fraudulent trading and two additional terms of 14 months each reflecting a breach of s19 FSMA. These will run concurrently following an earlier guilty plea. Mark Steward said the defrauding was calculated and persistent over a number of years – comprising advice on mortgages, pensions and other investments.  Mr Hudson purported to invest significant deposits received by him from clients on their behalf. He was at no point authorised by FCA.  Neither did he always use the funds for their stated purpose.