Broker duo banned for misleading FSA

Andrew David Bowden and Shaun Lawrence, trading as Scott Jarrett Bowden and Partners (SJB), submitted false and unverified information on the firm's regulatory reports, the FSA says. Additionally, Lawrence removed documents from files before sending them on to the regulator. Both brokers failed to ensure their work reached the appropriate regulatory standards, the FSA adds, while both also failed to keep a record of all customer files and failed to keep documents secure. "The FSA will not tolerate firms who fail to understand and comply with our rules," Jonathan Phelan, FSA's head of ...