Broker censured for misleading promotions

The firm has already been provided with external compliance advice in the past, but had still failed to deal with its problems. The regulator found that the firm had made financial promotions which were misleading, and did not have its promotions approved by someone with an appropriate level of expertise. The firm was found to have produced a particularly high-volume of non-compliant promotions. Mortgageland failed to obtain appropriate details on customer circumstance to justify its recommendations, which the FSA says is particularly serious as many of its customers had adverse credit h...