James Lloyd

James accepts instructions in all of Chambers’ areas of practice, with particular expertise in financial crime, regulatory compliance, and professional discipline.

James has been involved in several Serious Fraud Office investigations relating to financial institutions and insider dealing. His advisory practice has included advising multinational entities on SFO investigations into global trading arrangements. He has assisted in past business reviews of financial institutions, particularly relating to COBS compliance, and has been involved in ‘skilled person’ reviews (under s.166 FSMA 2000) instigated by the UK Financial Conduct Authority into alleged mis-selling of interest rate hedging products by a major retail bank, and investigations into mis-management of investment portfolios.

James recently acted as junior alone for four of five applicants in Page & Ors v Financial Conduct Authority [2022] UKUT 124 (TCC); one of the largest Upper Tribunal cases of recent years, relating to the transfer of c.1,500 retail customer pensions (totalling over £60 million) into loan notes and bonds being promoted by an unrelated entity. The case was heard over 5 weeks and involved: detailed consideration of IFA duties in respect of products; due diligence; duties relating to outsourced activities and conflicts of interest; the requirements of honesty and integrity for regulated IFAs; limitation; and de facto directorship.

James is the Deputy Head of the Mountford Chambers Regulatory Practice Group. He is frequently instructed to present fitness to practise cases and professional disciplinary cases on behalf of professional regulators. James also acts for regulated professionals before disciplinary tribunals across several industry sectors.

Education

LL.B (Hons), Newcastle University BPTC, Kaplan Law School

Scholarships/Awards

Lord Wolfson Scholarship, Lincoln’s Inn Hardwicke Entrance Award, Lincoln’s Inn Crowther Shield, Lincoln’s Inn