The FSA has fined and banned a Bolton-based mortgage and insurance broker after discovering he had no relevant financial qualifications or experience.
Riaz Ahmad has been fined £5,000 and forbidden from working in regulated financial services for acting without competence and capability at Finance.com. In an interview with the regulator Ahmad admitted he had no relevant qualifications or financial advisory experience, despite holding managerial roles as training and competency supervisor and complaints officer at Finance.com. Ahmad's failings, including a lapses in compliance and risk management, were initially picked up by the FSA during a treating customers fairly (TCF) assessment when the regulator found he was unable to demonstr...
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