The FCA has charged Mrs. Lisa Campbell with multiple criminal offences, including fraud by abuse of position and providing false or misleading information to conceal her misconduct.

Mrs. Campbell, the sole director of Campbell & Associates Independent Financial Advice Ltd, ran an FCA-authorised financial advisory firm previously known as Campbell & Raffle Independent Financial Advice Ltd until November 2020. While the firm offered advice on investments, insurance, and pensions, it was not authorised to hold or manage client funds.

The FCA alleges that between April 1, 2013, and May 10, 2023, Mrs. Campbell repeatedly misappropriated client funds. She is accused of producing fraudulent documents to deceive clients into believing their money had been properly invested. Additionally, the FCA claims she submitted falsified documents to regulators to cover up her wrongdoing.

During this period, Mrs. Campbell allegedly stole over £2.3 million, causing devastating financial losses to multiple victims—including friends, family members, and even a vulnerable child.

Currently out on bail, Mrs. Campbell is scheduled to appear at Portsmouth Magistrates’ Court on April 17, 2025.

Therese Chambers, Joint Executive Director of Enforcement and Market Oversight at the FCA, condemned the alleged misconduct:

“Mrs. Campbell’s actions represent a serious betrayal of trust. We allege she used her position to defraud clients out of millions—preying on vulnerable individuals, friends, and family who relied on her for financial guidance. She then falsified documents to cover up her lies.

We are committed to ensuring she is held accountable for her actions.”