Six brokers banned after FSA mortgage fraud probe

As the watchdog's crackdown on rogue advisers continues, the regulator said all lacked honesty and integrity, most had committed mortgage fraud by providing false or misleading details in mortgage applications, and a number had deliberately obstructed its investigation. Neale Morton, Syed Meah and Jonathan Smith all worked for a single firm, Neale Morton IMS Limited (IMS), based in Gateshead, Tyne and Wear. Neale Morton was the principal and director of IMS and he has been fined £130,192 for knowing involvement in mortgage fraud and for systems and control failings at IMS for which th...