Case details for Joseph SHARP

Name: Joseph SHARP


Date of Birth: 10 / 11 / 1981

Date Order Starts: 12 / 11 / 2018

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 09936792

Last Known Address: 17 Twitton Meadows,, , Otford, , SEVENOAKS,, TN14 5JP

Conduct: Between 19 July 2016 and 23 December 2016 Joseph Sharp (“Mr Sharp”) caused or allowed Directional Solutions Ltd (“Directional”) to trade with a lack of commercial probity using objectionable sales practices to receive, from members of the public, investment in binary options trading which monies were not utilised for the purpose stated by Directional and as a result investors have lost at least £763,490. He failed to ensure that Directional maintained and/or preserved adequate accounting records or in the alternative he failed to deliver up such accounting records for the period from 19 July 2016 to liquidation on 29 November 2017. As a result it is not possible to: I. Verify the trading activities of Directional and the nature, purpose and legitimacy of the transactions undertaken; II. Accurately determine the income and expenditure of Directional for the period of trading; III. explain the purpose of disbursements from Directional’s bank account totalling £746,090 withdrawn and/or paid out to third parties including: i. Cash withdrawals totalling £37,639 ii. Payments to individuals and third parties totalling £578,110 IV. explain how funds received from the public were to be invested or how returns on successful trades would be received by Directional and returned to investors; V. quantify the amounts owed to investors. 

This information is correct as at 23 / 10 / 2018

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