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At FSA's application High Court orders winding‐up of UK partnership which facilitated offshore boiler room share sales to UK investors

Joanna Gray (University of Newcastle upon Tyne, Newcastle upon Tyne, UK)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Publication date: 31 July 2007

Abstract

Purpose

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This study aims to report and comment on the High Court judgment regarding The Inertia Partnership (TIP).

Design/methodology/approach

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The paper outlines the facts surrounding this decision and comments on the ruling.

Findings

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The court took a strong line on the link between the activities of TIP and offshore boiler rooms and the value to the achievement of FSA's statutory objectives that the firm message a compulsory winding‐up order on public interest grounds would send to other firms and individuals who may become involved directly or indirectly with such potentially abusive sales techniques.

Originality/value

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The paper provides useful information for all those involved in management consultancy businesses.

Keywords

Citation

Gray, J. (2007), "At FSA's application High Court orders winding‐up of UK partnership which facilitated offshore boiler room share sales to UK investors", Journal of Financial Regulation and Compliance, Vol. 15 No. 3, pp. 343-347. https://doi.org/10.1108/13581980710762336

Download as .RIS

Publisher

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Emerald Group Publishing Limited

Copyright © 2007, Emerald Group Publishing Limited

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