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FSA bans NI broker for not acting on fraud tip

The Financial Services Authority has banned a Northern Ireland-based broker for failing to prevent fraud.

The regulator has banned John Keay, a broker at Jack Keay Mortgage Services in Londonderry, from trading for failing to address an issue concerning fraud that was brought to his attention by a lender and the FSA.

The FSA says Keay’s firm’s authorisation has been cancelled and that he is no longer authorised to conduct regulated business.

It says Keay’s firm was used to submit applications based on fraudulent payslips, bank statements and em-ployer references as a result of his failure to instigate adequate checks.

Sole broker Roy New says: “This ban is excellent news and shows why the regulatory system is in place – to separate the good from the bad.

“Let’s get rid of all the cowboys in the market.”


Red Roar

Not too many Riises to be cheerful for Mole at Anfield last week as his beloved Liverpool dropped a shocking 95th minute clanger against a dismal Chelsea.

NR shareholders seek legal review

A potential legal battle between Northern Rock shareholders and the government took a step closer to court recently after Treasury lawyers rejected investors’ pleas for fair compensation. The UK Shareholders’ Association will now seek a judicial review of the decision to base payouts on the assumption that NR was unable to survive without public support. […]

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


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