Mortgage adviser banned for FSA fees failure

Julian Paul Cheetham, trading as one-mortgage.net, was banned under section 45 of the Financial Services and Markets Act 2000. The regulator issued the adviser with a warning notice on 9 March, but he failed to satisfy his debts despite repeated further requests. The FSA said it found he was not "conducting his business soundly and prudently and in compliance with proper standards and that he is not a fit and proper person. He is "therefore failing to satisfy the Threshold Conditions in relation to the regulated activities for which he has had Part IV permission".