Regulator bans 43rd broker since Jan 2007

Broker Sofique Ullah is no longer permitted to trade after the FSA found he knowingly submitted mortgage applications supported by inaccurate and misleading employment details for himself and on behalf of his customers. Ullah - who traded as M A Financial Services and M A Mortgages - did not put in place adequate arrangements to control the firm and counter the risk that it might be used to further financial crime, the regulator says. Since the beginning of 2007, the FSA has banned a total of 43 brokers and handed out fines totalling £800,000. The FSA says Ullah had failed to take rea...