FSA bans Bolton broker
Mortgage and insurance broker, Riaz Ahmad, has also been fined £5,000
The Financial Services Authority (FSA) has fined and banned Bolton-based mortgage and insurance broker, Riaz Ahmad.
Mr Ahmad has been fined £5,000 and prohibited from working in regulated financial services for failing to act with competence and capability, which included failing to have suitable compliance and risk management processes in place at Finance.com.
His failings and the problems at Finance.com were initially picked up by an FSA team conducting an assessment focused on Treating
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