FCA cancels IFA's permissions for failing to act in clients' interests

The regulator said Gloucestershire-based Moseling had failed to comply with an award made against him by the Financial Ombudsman Service, dated 5 September 2012. It concluded that he had failed to act in the interest of his customers. The FCA said in its final notice published today: "Mr Moseling's conduct has not met the requirements of Principle 6 (Customers' interests) of the Authority's Principles for Businesses under which a firm must pay due regard to the interests of its customers." Moseley had not appealed the FCA's decision within the 28 days following and has therefore been ...