FSA bans 'dishonest' adviser

The regulator deemed Richard Michael Wolf, sole director of Rotheville (Insurance Brokers), as “not fit and proper to work in the regulated financial services industry as he did not act honestly and he failed to comply with its requirements”. It says Wolf “failed to act with honesty and integrity” and misled clients into believing they had insurance cover in place, when the policies had not been forwarded on. It also says Wolf failed to cooperate with the regulator and failed to disclose appropriately information. The FSA took this action after two insurance brokers revealed that Mr Wolf...