Companies  

Two former advisers jailed over unauthorised advice

Two former financial advisers have been sent to prison for giving unauthorised investment advice and deceiving clients following a prosecution brought by the Financial Conduct Authority.

Gary Hexley and John Cooper, both former directors of West Midlands-based Weston Financial Services, were convicted on 23 October 2013.

Mr Hexley was sentenced to two years in prison and Mr Cooper to nine months.

Tracey McDermott, director of enforcement and financial crime at the FCA, said: “This is a fitting punishment for two people who thought they were above the law.

“As has been demonstrated with these sentences, where individuals pose a serious risk to consumers and bring the reputation of the industry into disrepute by flouting rules and guidance - we will not hesitate to take the strongest action.”