Unauthorised Trading

Unauthorised trading involves the buying or selling of an investor's security without the investor’s prior approval. Industry rules require the broker to inform the investor of any trades before placing the order and then confirm the transaction with the investor once it has been executed, giving the exact details of the trade. These details should then be entered into the trading records. The investor should be sent  written confirmation of the trade within three days of the settlement. A failure to take these steps could see a broker facing allegations for unauthorised trading.

Unauthorised trading can often take place where brokers are given incentives to meet their goals, or where the broker is in personal financial difficulty and seeks to generate income by trading without the investor's permission. The Financial Conduct Authority enforces the law in the financial markets, and can impose penalties or prosecute depending on the individual circumstances of the case. If you are facing allegations for unauthorised trading, it is vital you seek expert advice as soon as possible. Our specialists can offer guidance on investigatory meetings, and provide you with a robust defence to give you the best possible outcome.

Bright Line Law is a specialist, barrister led law firm providing advice and representation on all aspects of financial law, including unauthorised trading allegations. Our lead counsel, Jonathan Fisher QC is well regarded in industry and in the legal profession for his understanding of financial crime, and ability to deploy this effectively in defending both individual and corporate clients facing investigation/ prosecution by regulators. Contact Jonathan Fisher QC directly at jf@brightlinelaw.co.uk or another member of our team or telephone us on + 44 (0)203 709 9470.

Jonathan Fisher QC
Lead Counsel

Email jf@brightlinelaw.co.uk
Telephone + 020 3872 2852

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