The Financial Services Authority (FSA) has charged a former adviser with six offences relating to investment advice given whilst unauthorised.
Gary Hexley has been charged for carrying on a regulated activity without being an authorised or exempt person, contrary to sections 19 and 23 of the Financial Services and Markets Act 2000, as well as five counts of dishonestly concealing a material fact. A former approved person, he is currently subject to a prohibition order preventing him from performing any function in relation to any regulated activity in the financial services industry. According to the FSA register, Hexley held the CF30 function at Exclusive Asset Management Limited until May 2010, having previously been a dir...
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