The Legal Services Board (LSB) has launched an enforcement action against the SRA over the collapse of Axiom Ince, finding that the regulator failed to act "adequately, effectively and efficiently".
Two Axiom Ince employees have been sanctioned by the Solicitors Regulation Authority (SRA) after one allowed the improper transfer of £54.5m, while the other had altered bank statements.
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A British legal regulator on Tuesday was strongly criticised for its handling of the collapse of law firm Axiom Ince, which has seen millions of pounds go missing, hundreds of people lose their ...