Director is fined for failing to disclose concerns on adviser

Jones, Lee
August 2009
Money Marketing;8/27/2009, p7
The article reports that Newquay Investment Services director Christopher Davies was fined for not disclosing information about one of his advisers, by Great Britain Financial Services Authority (FSA). He was fined 17,500 for not informing the FSA that he has employed an adviser who posed a risk to customers. Davies has banned the adviser from writing self-cert mortgages but allowed him to write life and other business. The fine indicates that the FSA takes a serious view on such matter.


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