Individual enforcement history

Kerry Nelson

IRN KKN00001Register status · Regulatory approval no longer required1 enforcement action

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01 · Enforcement history

Actions recorded on Firmwatcher.

13 Oct 2026

Criminal prosecution

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.

AI summary

Date	Action	Summary	Source document
13 Oct 2026	Criminal prosecution	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. AI summary	Open the published notice or announcement

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