The FSA has fined and banned a former UBS employee for helping cover-up unauthorised trading losses.
The FSA has banned Manchester mortgage broker Arthur Kirk, trading as Grosvenor Mortgage Advice Centre, for failing to establish proper systems and controls at his business.
In the first criminal prosecution of its kind by the FSA, a mortgage broker has been fined £6,000 for failing to notify the regulator about a change in control at a regulated firm.
The chief executive of mortgage network Premier has been banned after the FSA said the firm's "remote" relationship with its appointed representatives (ARs) exposed consumers to poor advice and allowed criminal activity to go unchecked.
FSA fines could treble in size to act as a ‘credible' deterrent to firms who breach the rules.
The FSA has banned Hornchurch-based mortgage broker Abdul Karim for submitting a mortgage application for himself that was based on false information about his income.
The FSA has appointed Margaret Cole, partner in law firm White & Case, as its new director of enforcement.