Darren Antony Reynolds, 51, from Willenhall, West Midlands, was the sole director of Active Wealth (UK) Limited, an independent financial advice company.
A chartered financial planner, Reynolds advised hundreds of clients on the best way to invest their pension funds from December 2014 to the companys liquidation in February 2018.
Following Active Wealths liquidation, an Insolvency Service investigation found that between December 2014 and December 2016, Darren Reynolds had failed to act in the best interests of the companys clients.
Following his advice, at least 288 clients transferred more than 23 million from their existing pensions to Self-Invested Personal Pension Schemes (SIPPs) which saw their funds invested in a portfolio …
Read the full article at: https://www.miragenews.com/13-year-ban-for-boss-who-lost-24m-from-client-580675/
