FSA bans seventh broker in two weeks

The ban is the latest in a string of enforcement actions taken against mortgage brokers in recent weeks, and is the seventh ban since the beginning of July. Plaistow-based John Akinduro has been banned from conducting regulated business for submitting false mortgage applications to lenders. He is known to have submitted applications in the names of two individuals without their consent and certified false documents. Akinduro also failed to notify the regulator that he was subject to bankruptcy proceedings and had two bankruptcy orders made against him. He also failed to tell the FSA abo...