Struck off

The SDT refused to confirm on what grounds they dismissed him, but given that Grierson was jailed for three years in May on four offences under the Theft Act 1968 after defrauding his firm of £1.27m one would imagine there were numerous breaches of the code of conduct to choose from.

Grierson did not attend the hearing because he’s in prison and the SDT does not have holding facilities for prisoners. Still, that didn’t stop it from ordering him to pay £14,000 in costs.

Earlier this year, the SDT struck off former Ince & Co partner Andrew Iyer after he admitted stealing £3m from his firm and clients. At the time, the panel said it was “as bad a case of fraud that the tribunal has ever had to deal with”.

Grierson’s case will have given them pause for thought on that one.

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