FSA punishes mortgage broker for failure to co-operate

Olayinka Oladipupo and his firm, Trinity Network Services, have had their permission to conduct regulated business cancelled. In late 2008, while the FSA was conducting an investigation into Oladipupo, he failed to turn up to a compulsory interview, and did not provide the regulator with documents it had requested. Oladipupo also ignored calls from the FSA and failed to return messages. Because he failed to deal with the regulator in an open and co-operative way, the FSA decided he was not a fit and proper person to carry out regulated business. Tom Spender, head of retail enfor...