FCA criminal prosecutions
2 criminal prosecutions are recorded here, covering 2 individuals. Convictions and sentences in prosecutions brought by the FCA. Each one links to a plain-English summary and, where one exists, the published notice or announcement.
- Criminal prosecutionJacqueline Stephens13 Oct 2026 · Individual
On 13 October 2026, Jacqueline Stephens was convicted or sentenced following a prosecution brought by the Financial Conduct Authority.
- Criminal prosecutionKerry Nelson13 Oct 2026 · IRN KKN00001
Kerry Nelson (director of Nexus Independent Financial Advisers Ltd and Nexus Investment Managers Ltd) and Jacqueline Stephens (business operations manager) pleaded guilty at Portsmouth Crown Court on 12 October 2026 to defrauding four clients of a total of about £2m between January 2019 and January 2023 and to using false documents. Nelson also admitted a money‑laundering offence after withdrawing firm money to fund her lifestyle. The FCA brought the criminal case (proceedings started February 2025), will seek confiscation under the Proceeds of Crime Act and notes both Nexus firms were restricted by the FCA on 25 January 2023 and placed into administration on 26 January 2023; sentencing is scheduled for 10 December 2026.
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