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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

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  • Joanna Gray

Abstract

Purpose - This study aims to report and comment on the High Court judgment regarding The Inertia Partnership (TIP). Design/methodology/approach - The paper outlines the facts surrounding this decision and comments on the ruling. Findings - 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 - The paper provides useful information for all those involved in management consultancy businesses.

Suggested Citation

  • Joanna Gray, 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, Emerald Group Publishing, vol. 15(3), pages 343-347, July.
  • Handle: RePEc:eme:jfrcpp:v:15:y:2007:i:3:p:343-347
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    Keywords

    Legal decisions; Management consultancy;

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