At FSA's application High Court orders winding‐up of UK partnership which facilitated offshore boiler room share sales to UK investors

Abstract

Purpose

This study aims to report and comment on the High Court judgment regarding The Inertia Partnership (TIP).

Design/methodology/approach

The paper outlines the facts surrounding this decision and comments on the ruling.

Findings

The court took a strong line on the link between the activities of TIP and offshore boiler rooms and the value to the achievement of FSA's statutory objectives that the firm message a compulsory winding‐up order on public interest grounds would send to other firms and individuals who may become involved directly or indirectly with such potentially abusive sales techniques.

Originality/value

The paper provides useful information for all those involved in management consultancy businesses.

Citation

Gray, J. (2007), "At FSA's application High Court orders winding‐up of UK partnership which facilitated offshore boiler room share sales to UK investors", Journal of Financial Regulation and Compliance, Vol. 15 No. 3, pp. 343-347. https://doi.org/10.1108/13581980710762336