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Two banned in FSA crackdown

The Financial Services Authority’s wave of enforcement action against brokers shows no sign of abating, with the regulator banning two more last week.

The latest brokers to feel the regulator’s wrath are Peter Dean and James Dean, directors of UK Finance House.

Peter Dean, based in the firm’s Poole office, failed to take reasonable steps to prevent false information being provided to lenders and stop the company being used to further financial crime.

Georgina Philippou, head of retail enforcement at the FSA, says: “As part of our crackdown on crime we have banned a number of mortgage brokers in the past year and will continue to make examples.”

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