FSA warns cowboys it is on the case

Professional Adviser
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The FSA today banned Yorkshire-based 'adviser' Kevin Allsop from trading after finding him in crimin...

The FSA today banned Yorkshire-based 'adviser' Kevin Allsop from trading after finding him in criminal breach of the Financial Services and Markets Act 2000 in relation to carrying on unauthorised trading in regulated services. Despite not being authorised to do so, Allsop bought and sold second-hand endowment policies; he gave investment advise on such endowments; he arranged deals for clients to buy and sell such endowments; he misled the FSA on his activities by providing false information; and he held clients' money and opened clients' accounts without their knowledge in relation...

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