13 Sept 2006
ANDREW NICHOLAS BARBER v. SECURITIES AND FUTURES COMMISSION
- Citation
- ANDREW NICHOLAS BARBER v. SECURITIES AND FUTURES COMMISSION
- Court
- Court of Appeal
- Case number
- CACV236/2005
The Court held the Tribunal's majority conclusion was open on the evidence and not perverse: the appellant, as an independent investment adviser, breached the Code by failing to take reasonable steps to assess suitability and to explain and illustrate the magnified downside risks (currency movement and margin calls) of the leveraged forex transaction to this client; the one‑month suspension was not excessive and the appeal was dismissed.