FSA suspends adviser on suspicion firm 'is controlled by others'

Sole trader Nasreen Begum Hussain, trading as My Insurance Solutions, has been issued with a first supervisory notice, explaining why the regulator believes she is not in day-to-day control of the business. Among the activities she no longer has permission for are advising on investments and assisting in the administration and performance of a contract of insurance. In the notice, the FSA said: "Mrs Hussain has failed to satisfy the FSA that she is fit and proper to conduct regulated activities as she has failed to demonstrate that she, as the authorised sole trader, has day to day co...