FCA Intervene: The Fall of Craig Mitchell


In the labyrinthine landscape of financial advising, where monetary aspirations and client trust intersect, the fallout from ethical missteps can cast a long shadow over the industry's reputation. Enter the saga of Craig Mitchell Personal and Corporate Finance Planning - an independent financial advisor that, while seemingly devoted to guiding clients toward financial prosperity, found itself entangled in a controversy that has left both clients and financial experts questioning the foundations of ethical conduct.

This article embarks on a journey to dissect the swirling controversy surrounding Craig Mitchell Personal and Corporate Financial Planning, uncovering mis-selling claims that have reverberated through the financial world.

Craig Mitchell had been guiding clients toward secure financial futures and had been authorised by The FCA since January 2015. Allegations of unsuitable investment advice, non-compliance with authoritative bodies, and a lack of accountability came about for advising investment in products such as Uk PDS + Biomass Investment.

The FOS Verdict: Unveiling Unsuitable Investment Advice

Amidst the convoluted tapestry of financial advisory, the FOS (Financial Ombudsman Service) stepped in. In a singular instance, FOS validated the grievance of one client, who has pursued a complaint against Craig Mitchell, illuminating a stark reality: Craig Mitchell's counsel on investments lacked suitability, a fact glaringly evident in a bond pledged to yield guaranteed returns.

The pronouncement obligated Craig Mitchell to disburse £8,102 in addition to an 8% interest, coupled with an extra £150 as a gesture of reparation for the upheaval caused. With this verdict, the imperative of responsibility reverberated, casting a shadow on the trajectory of unfolding events.

However, despite the legally binding nature of the FOS decision, Craig Mitchell failed to comply with the award. The FCA, informed by the FOS, confronted him about his non-compliance and lack of payment, on 26 January 2021 via a letter and an email regarding the favour of the client on 8th September 2020. The letter was signed for, yet still Craig Mitchell did not respond.

Mounting Complaints: A Pattern of Unsuitable Advice

The controversy surrounding Craig Mitchell expanded as the FOS revealed a disturbing pattern. 13 complaints against him were being investigated by FOS, earliest being September 2019 up to March 2021, each centered around the provision of unsuitable investment advice to clients.

Despite these findings, redress payments to affected customers remained unpaid, casting a shadow on Craig Mitchell's ethical standing.

By the 26th of August 2021, Craig Mitchell responded, affirming his communication with the FOS concerning the 13 complaints. He conveyed the following updates:

  • Two cases had reached closure.
  • In one instance, proceedings were ongoing as he sought additional information from the investment company.
  • For six cases, Craig Mitchell refuted providing investment advice to his clients.

Regrettably, no details were offered for the remaining four cases out of the total 13 complaints. In addition to the previous 13 cases, there are a total of 10 complaints against Craig Mitchell that are currently being investigated by the FOS.

FCA's Ban: A Determination of Unfitness

In response to the mounting evidence and the grave concerns surrounding Craig Mitchell's conduct, the FCA made a decisive move. As stated in the First Supervisory Notice, on 19th April 2022, Sole trader Craig Mitchell, trading as Craig Mitchell Personal and Corporate Financial Planning, was restricted from carrying out regulated activities. The FCA's assessment concluded that his behaviour demonstrated a lack of fitness and propriety, posing a significant risk to consumer well-being.

This ultimately led to Craig Mitchell Personal and Corporate Financial Planning officially failing on 8th December 2022.

A History of Success: CP Financial Claims and Triumph Over Mis-Selling

With a proven track record, our team at CP Financial Claims has successfully represented clients affected by mis-selling. Our dedication to securing justice for clients who have suffered due to unethical practices sets the stage for our involvement in helping you reclaim against Craig Mitchell.

Claim Now:

If the names sound familiar to you, or you think you may have been affected by Craig Mitchell Personal and Corporate Financial Planning, please submit your details below for our team to contact you for a free, no-obligation chat.

Have You Been Affected?

At CP Financial Claims, our goal is utmost transparency. You'll only be charged a fee if we successfully secure financial redress for you. The success fees can range from 15% to 25% of your settlement, depending on the amount. For more information, click here.
In the event that you pursue your claims until the end but they turn out to be unsuccessful, you won't owe any payment. If you decide to cancel your claim after the 14-day cooling-off period but before the process concludes, there may be a cancellation charge. To learn more about cancellation fees, click here.

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