Two financial advisers admit fraud
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The UK Financial Conduct Authority (FCA) said that Kerry Nelson, a director of Nexus Independent Financial Advisers Limited, and Jacqueline Stephens, operations manager at Nexus Investment Managers Limited, have admitted fraud charges at Portsmouth Crown Court. The FCA said the conduct involved four clients who lost £2 million between January 2019 and January 2023. The case has currently confirmed the guilty pleas of the two individuals involved and the amount of the clients’ losses.
AI-written from reports · updated 6 days ago
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- FCA (UK)Two financial advisory firm employees admit fraud in FCA case; 4 clients lose £2m
The FCA said that Kerry Nelson, director of Nexus Independent Financial Advisers Limited, and Jacqueline Stephens, business operations manager at Nexus Investment Managers Limited, admitted fraud charges at Portsmouth Crown Court. 4 clients lost £2m between January 2019 and January 2023.
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