The FSA has banned Baljit Somal, a former broker at Square Mile Securities, and fined him £16,000 for selling high risk shares to customers without their consent and using unacceptable sales tactics.
The regulator reviewed 11 transactions including recorded telephone calls, involving Somal between December 2005 and May 2006. In four of the transactions, Somal was found to have been dishonest by recording...
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First mentioned in Cridland Report
Second acquisition of 2019
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