Mortgage director hit with £14k FSA fine

David Roberts, sole director of A-Z Mortgages Ltd, was guilty of failing to identify a series of systems and controls shortcomings, the regulator said. In a separate case, London-based Hygeia Mortgages and Finance Ltd has had its permission to undertake regulated activities cancelled for failing to satisfy threshold conditions. The FSA found Hygeia had inadequate capital resources. Failings at A-Z occurred between 28 November 2006 and 31 August 2009 and included a lack of adequate systems and controls in place to identify mortgage applications containing false or misleading informatio...