The FSA has banned three mortgage brokers from working in regulated financial services and fined a fourth £17,500 for mortgage fraud and advice failings.
The three banned mortgage brokers are Jason Phillips, of Colne in Lancashire and a former partner of Lancaster House Mortgages, Ashok Sharma, of Ash Commercials in Uxbridge, and John Apicella, trading as Mortgages 4 You. Noel Smith, director of Andrew Copeland Mortgages, has been fined £17,500 and had his FSA approval to perform management functions withdrawn. Phillips was banned for submitting nine mortgage applications using false employment information and inflated salary figures Sharma has been deemed to be not fit and proper to work in regulated financial services after failin...
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