An IFA has had her permissions to carry on regulated activities cancelled for failing to deal with 12 County Court Judgments (CCJ), totalling £531,224.
The FSA says it originally wrote to Elaine MacCormack, trading as EPM Financial Services, in June 2010, stating there were seven unsatisfied CCJs against her, totalling £530,009. Although she contacted the FSA explaining more than £5,000 of the total debt had been satisfied and outlining a plan meet all her liabilities upon completion of the sale of her property, she subsequently failed to update the regulator on her situation. In November, the FSA then found out a further six CCJs totalling £6,584 had been made against MacCormack and her firm, which remained unsatisfied, and she fail...
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