Alexander William Bruce Lee

Findings — machine-extracted (anthropic-batch:claude-opus-4-8); verify against the decision

Mr Lee, a partner who acted for lender London Capital & Finance PLC (LCF) and its CEO, became sole director (and later 50% shareholder) of Global Security Trustees Limited (GST), which acted as security trustee protecting bondholders' interests. The Tribunal found the single allegation proved in its entirety: he acted in circumstances of an obvious conflict (or significant risk thereof) given his previous and ongoing instructions for LCF, breaching Outcome 3.4 and Principles 2 and 6. There was no allegation or finding of fraud or dishonesty against him; LCF's business was found in separate proceedings to be a Ponzi scheme. A fine of £30,000 was imposed.

Duties found breached:

• Good faith and courtesy to colleagues
• Non-discriminatory acceptance and cab-rank