A salutory lesson posted Wednesday, 17 February 2010
We thought this was something of interest - the FSA has banned a mortgage broker for not properly controlling his firm and thereby allowing the firm to be used as a conduit for fraudulent applications;
http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/027.shtml
If you read the detailed information contained in FSA's final notice, it's clear in this case that there were some quite blatant (and repeated) instances of what might diplomatically be termed "errors and omissions", but nevertheless it does illustrate some of the issues one might need to be a little wary of.
http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/027.shtml
If you read the detailed information contained in FSA's final notice, it's clear in this case that there were some quite blatant (and repeated) instances of what might diplomatically be termed "errors and omissions", but nevertheless it does illustrate some of the issues one might need to be a little wary of.