Adam Edwards

Recent Work

• Providing regulatory compliance support and assisting to streamline a national franchised dealer group’s processes, ensuring these sales processes are FCA-compliant and practical for the business.
• Advising regulated firms in the automotive sector on the introduction of the Consumer Duty.

Recent Work

Non-Contentious

• Securing FCA authorisation and arranging a MiFID passport into various EU member states for an online broker.
• Advising a motorcycle manufacturer on an introducer-appointed representative arrangement with a regulated insurer.
• Advising a London market insurer on managing down its multi-million pound exposure to secondary intermediary policyholders facing potential PPI mis-selling claims.
• Advising a FCA authorised firm on the potential regulatory implications of making interest-bearing loans to employees in order to facilitate the acquisition of shares in the business. Finding a solution that took advantage of a regulatory exemption, to enable the loans to be made at an interest rate the client was comfortable with.
• Assisting a motorcycle manufacturer to establish an “own brand” warranty scheme for used motorcycles. Working with counsel and client to find a compliant, commercially-viable proposition that worked for the manufacturer, its dealers and customers.

Contentious

• • Advising the US SIPA Trustee of Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff in respect of his English and cross-border claims – arising out of the world’s largest Ponzi scheme.
  • Acting for a brokerage and trading firm in respect of FCA investigation, concerning its alleged role in a substantial overseas dividend arbitrage tax fraud.
  • Acting for insurance brokers and financial advisers facing FOS complaints and negligence claims.
  • Acting for an excess layer insurer in dispute with the FSCS regarding the extent of cover available to satisfy customer claims against an insolvent network of financial advisors.