Entertainment broker banned for £89,000 overcharge attempt
The Financial Services Authority has banned Paul Cable, director of Media and Entertainment Insurance Services, from acting as an FSA approved person for at least two years for attempting to overcharge a client by £89,000.
The watchdog has also cancelled Media and Entertainment Insurance Services' permission to undertake any regulated activities.
According to the regulator, Media and Entertainment Insurance Services was a small insurance broker which specialised in arranging insurance for the entertainment industry, including advertising and television commercials. Mr Cable founded the firm in 1999 and was its only FSA approved person.
In a statement the FSA said that in January 2007 Mr Cable, on behalf of Media
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