The FSA has banned a mortgage broker for failing to pay his regulatory fees.
Richard Blackwood, trading as Meridian Loan Consultants in Grays, Essex, was banned from practicing for failing to pay fees and levies of £1,078.35 owed to the FSA despite repeated requests.
The FSA sent a notice to Blackwood on 30 June which told him to refer the matter to the Financial Services and Markets Tribunal within 28 days.
However, he failed to do this leading the regulator to conclude that he was not conducting his business soundly and prudently and in compliance with proper standards.
Service increasingly key
Aiming to be' top three' UK financial planner
Lowest measure since index launched in 1995
Complaints into double figures
Despite lower median annual earnings