FSA bans father and son brokers for client money failings

It says the pair are prohibited for three years from performing any significant influential roles at firms carrying out regulated financial activities. This order will prevent them from running or managing a regulated business whether as sole traders, employees or appointed representatives of another firm. Roger and Daniel Muse were directors of FHI (Northern) Limited, a small general insurance intermediary business, based in Tyne & Wear. Its clients were mainly commercial and included football clubs and taxi firms as well as some retail clients. The firm was authorised on 15 January 2...