Upper Tribunal decisionFSMA
Alec Finch
IRN AXF000225 August 2026
01 · In plain English
What happened.
The Upper Tribunal (Tax and Chancery Chamber) issued a decision dated 12 June 2026 (published 5 August 2026) in the case Alec Finch and Robert Finch v The Financial Conduct Authority. The FCA had decided to prohibit the two (formerly senior figures at AFL Insurance Brokers Limited, later Ambon Brokers) after a High Court judgment found they misused client money to fund AFL’s business, created false financial records to mislead a buyer and others, and concealed a significant client money deficit. The FCA said it would have imposed fines of £121,200 on Alec Finch and £169,800 on Robert Finch but accepted verifiable evidence that any penalty would cause each serious financial hardship, and the regulator removed them from the industry.
Summary generated from the FCA notice and press reports. Check the final notice below before relying on it.
02 · Enforcement details
What the FCA published.
Upper Tribunal Tax and Chancery decision of JUDGE MARK BALDWIN on 12 June 2026
Source: Upper Tribunal (Tax and Chancery Chamber) decision [2026] UKUT 00217 (TCC), published 5 August 2026.
03 · Press coverage
How it was reported.
These links go to other sites. Some may need a subscription.
04 · Individual details
Person on the FCA register.
- Name
- Alec Finch
- Individual reference number
- AXF00022
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