FSA bans three insurance brokers
"They showed themselves to be neither fit nor proper" - Margaret Cole
The Financial Services Authority (FSA) has banned Stephen Allen, a director of insurance broker, Fabien Risk Services, for failing in his duties as a director of a regulated firm.
Mr Allen's ban means he is prohibited from holding any management role in the UK financial services industry and any role that requires FSA approval.
The action follows an investigation by the FSA that also resulted in the banning in 2007 of Mr Allen's co-director Shane Garvey and Fabien office manager Lee Goddard.
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