Regulator expels former Natwest Group director

The Securities and Futures Authority has expelled former director at Natwest Group, Sir Michael Richardson from the SFA Registers after two independent tribunals found his financial activities and abuse of the Natwest Group make him unfit to be registered. His expulsion relates to five letters written by Richardson between October 1998 and August 1999 which the SFA says might have led to advance fee fraud and money laundering. SFA proceedings against Richardson began in July 2000 and concluded earlier this month for the abuse of his position at Hawkpoint Partners, which between Oc...