IFA's permissions removed for 12 unsatisfied CCJs

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...