FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd FSA Annual Report 2006/07 - Better Regulation Ltd
132 Section six – Appendices Appendix 5 Section six – Appendices Appendix 5 133 The table below shows cases that had a Final Notice issued in 2006/07 Publicised cases Name on Final Notice Issue Date case Date Action Outcome Financial opened Final Notice against firm/ penalty issued individual? £ Mark Postle-Hacon trading as PHC Management Limited Fitness & Propriety Issues/Threshold Conditions 24/10/2006 22/03/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Roberto Chiarion Casoni Market Protection 24/04/2006 20/03/2007 INDIVIDUAL Financial Penalty 52,500 Romaine Noir Limited Fitness & Propriety Issues/Threshold Conditions 05/09/2006 15/03/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Marten Terrence Cox Waugh trading as Marten Waugh Company Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/2006 12/03/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions V. G. Mortgage Services Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/10/2006 09/03/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Herbie Smyton trading as Newline Financial Services Fitness & Propriety Issues/Threshold Conditions 26/10/2006 28/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions William Rose trading as Rose and Partners Fitness & Propriety Issues/Threshold Conditions 10/10/2005 28/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Cathedral Motor Company Limited (trading as Arbury) Systems & Controls 27/09/2006 26/02/2007 FIRM Public Censure Regency Investment Services Ltd Selling 15/03/2006 22/02/2007 FIRM Financial Penalty 14,000 Russell George Howe trading as Howe Car Sales Fitness & Propriety Issues/Threshold Conditions 13/10/2006 22/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Glenis Wild trading as Trafalgar Finance Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/2006 21/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Mns Services Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/2006 21/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Temple Property Consultants Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/2006 21/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Peter Lindsay Freeman Hendry trading as The Financial Practice Fitness & Propriety Issues/Threshold Conditions 13/10/2006 20/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Capital One Bank (Europe) Plc Selling 11/11/2005 15/02/2007 FIRM Financial Penalty 175,000 Nationwide Building Society Systems & Controls 13/10/2006 14/02/2007 FIRM Financial Penalty 980,000 Trigon Pensions Limited Systems & Controls 14/09/2006 09/02/2007 FIRM Financial Penalty 10,500 David Anthony Jones trading as D Jones Investments Fitness & Propriety Issues/Threshold Conditions 06/09/2006 07/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions First Call Insurance Consultants Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 01/02/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions GE Capital Bank Limited Systems & Controls 15/11/2005 30/01/2007 FIRM Financial Penalty 610,000 David Charles Brady trading as David Brady Business Finance Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/2006 25/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions George Robert Piggott Fitness & Propriety Issues/Threshold Conditions 15/10/2004 25/01/2007 INDIVIDUAL Prohibition MCCS International Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/2006 25/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Olukayode Osun-Benjamin trading as Waterhouse Finance Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/2006 25/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Robert Holmes trading as B J Holmes and Son Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/2006 25/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Assist GB Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Castle Cars (Southport) Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Colin Lowther trading as Bertie Lowther & Sons Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Craig Nevill trading as MortgageHunter Independent Mortgage Services Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions David and Frank Shepherd Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Dwain Leaver trading as PHS Mortgage Brokers Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Grand Lodge of the United Kingdom Independent Order of English Mechanics Friendly Society (Preston Unity) Fitness & Propriety Issues/Threshold Conditions 05/09/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Ian Forster trading as Ian Forster Specialist Cars Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions
134 Section six – Appendices Appendix 5 Section six – Appendices Appendix 5 135 Name on Final Notice Issue Date case Date Action Outcome Financial opened Final Notice against firm/ penalty issued individual? £ John Joseph Jeffers trading as The Dealmakers Finance Company Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Motorcycle and Scooter Warehouse Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Motorcycle Store Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 18/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions W Deb MVL PLC (formerly known as Williams de Broe Plc) Systems & Controls 12/10/2005 15/01/2007 FIRM Financial Penalty 560,000 Grant Sutherland Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 09/01/2007 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Mr Eamon Fegan trading as Fegan Motors Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 21/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions John Stanley Lepine Fitness & Propriety Issues/Threshold Conditions 18/11/2005 20/12/2006 INDIVIDUAL Prohibition Redcats Brands Limited Systems & Controls 30/06/2006 20/12/2006 FIRM Financial Penalty 270,000 Eastern Western Motor Group Limited Systems & Controls 20/12/2006 19/12/2006 FIRM Public Censure A20 Motorcycles and Scooters Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 12/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions D A McKenna Insurances Brokers Limited Fitness & Propriety Issues/Threshold Conditions 03/05/2006 14/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions ET Commercials Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 12/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Hussain Shahab Aftab trading as Hydere International Management Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 12/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Jim Russell Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 12/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions John Evans trading as John Evans Cars Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 12/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions John Heenan trading as the Mortgage Centre Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 12/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Lember Singh Sanghera trading as L S Sanghera Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 12/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Wayne Kennedy trading as Kennedy Mortgage Services Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/2006 12/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions David Bennett trading as Bennetts Independent Financial Advisers Fitness & Propriety Issues/Threshold Conditions 28/06/2006 13/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Home and County Mortgages Limited Systems & Controls 02/03/2006 06/12/2006 FIRM Financial Penalty 52,500 Anthony Bruce Needham trading as Creative Insurance Solutions Fitness & Propriety Issues/Threshold Conditions 28/06/2006 01/12/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Mr John Vincent Burton Financial Crime 03/08/2006 01/12/2006 INDIVIDUAL Prohibition Rafiq Ahmed Petkar Fitness & Propriety Issues/Threshold Conditions 03/11/2005 22/11/2006 INDIVIDUAL Prohibition General Reinsurance UK Limited Systems & Controls 24/11/2005 21/11/2006 FIRM Financial Penalty 1,225,000 Capital Mortgage Connections Ltd Systems & Controls 11/01/2006 20/11/2006 FIRM Financial Penalty 17,500 Sean Julian Pignatelli Market Protection 15/09/2005 20/11/2006 INDIVIDUAL Financial Penalty 20,000 Castle Financial Management Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 17/07/2006 10/11/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Direct Mortgages & Loans Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 17/07/2006 10/11/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Gerald Smith trading as Smiths of Alvechurch Fitness & Propriety Issues/Threshold Conditions – RMAR 17/07/2006 10/11/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Kams Specialist Cars Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 17/07/2006 10/11/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Malik Laws Partnership Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 17/07/2006 10/11/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Mohammad Yunus trading as M. Yunus & Co Fitness & Propriety Issues/Threshold Conditions 13/06/2006 17/11/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions William Faulkner trading as Policylink & Apsley Homes Estate Agency Fitness & Propriety Issues/Threshold Conditions 30/09/2005 09/11/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions ICM Group Limited Fitness & Propriety Issues/Threshold Conditions 10/07/2006 02/11/2006 FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions Mr Christopher Edward Whiteley Unauthorised Activity 20/01/2005 02/11/2006 INDIVIDUAL Prohibition Mr Ian Paul Ruff Fitness & Propriety Issues/Threshold Conditions 10/07/2006 02/11/2006 INDIVIDUAL Prohibition
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132<br />
Section six – Appendices<br />
Appendix 5<br />
Section six – Appendices<br />
Appendix 5<br />
133<br />
The table below shows cases that had a Final Notice issued in <strong>2006</strong>/<strong>07</strong><br />
Publicised cases<br />
Name on Final Notice Issue Date case Date Action Outcome Financial<br />
opened Final Notice against firm/ penalty<br />
issued individual? £<br />
Mark Postle-Hacon trading as PHC Management Limited Fitness & Propriety Issues/Threshold Conditions 24/10/<strong>2006</strong> 22/03/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Roberto Chiarion Casoni Market Protection 24/04/<strong>2006</strong> 20/03/20<strong>07</strong> INDIVIDUAL Financial Penalty 52,500<br />
Romaine Noir Limited Fitness & Propriety Issues/Threshold Conditions 05/09/<strong>2006</strong> 15/03/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Marten Terrence Cox Waugh trading as Marten Waugh Company Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/<strong>2006</strong> 12/03/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
V. G. Mortgage Services Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/10/<strong>2006</strong> 09/03/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Herbie Smyton trading as Newline Financial Services Fitness & Propriety Issues/Threshold Conditions 26/10/<strong>2006</strong> 28/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
William Rose trading as Rose and Partners Fitness & Propriety Issues/Threshold Conditions 10/10/2005 28/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Cathedral Motor Company Limited (trading as Arbury) Systems & Controls 27/09/<strong>2006</strong> 26/02/20<strong>07</strong> FIRM Public Censure<br />
Regency Investment Services <strong>Ltd</strong> Selling 15/03/<strong>2006</strong> 22/02/20<strong>07</strong> FIRM Financial Penalty 14,000<br />
Russell George Howe trading as Howe Car Sales Fitness & Propriety Issues/Threshold Conditions 13/10/<strong>2006</strong> 22/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Glenis Wild trading as Trafalgar Finance Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/<strong>2006</strong> 21/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Mns Services Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/<strong>2006</strong> 21/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Temple Property Consultants Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/<strong>2006</strong> 21/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Peter Lindsay Freeman Hendry trading as The Financial Practice Fitness & Propriety Issues/Threshold Conditions 13/10/<strong>2006</strong> 20/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Capital One Bank (Europe) Plc Selling 11/11/2005 15/02/20<strong>07</strong> FIRM Financial Penalty 175,000<br />
Nationwide Building Society Systems & Controls 13/10/<strong>2006</strong> 14/02/20<strong>07</strong> FIRM Financial Penalty 980,000<br />
Trigon Pensions Limited Systems & Controls 14/09/<strong>2006</strong> 09/02/20<strong>07</strong> FIRM Financial Penalty 10,500<br />
David Anthony Jones trading as D Jones Investments Fitness & Propriety Issues/Threshold Conditions 06/09/<strong>2006</strong> <strong>07</strong>/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
First Call Insurance Consultants Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/<strong>2006</strong> 01/02/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
GE Capital Bank Limited Systems & Controls 15/11/2005 30/01/20<strong>07</strong> FIRM Financial Penalty 610,000<br />
David Charles Brady trading as David Brady Business Finance Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/<strong>2006</strong> 25/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
George Robert Piggott Fitness & Propriety Issues/Threshold Conditions 15/10/2004 25/01/20<strong>07</strong> INDIVIDUAL Prohibition<br />
MCCS International Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/<strong>2006</strong> 25/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Olukayode Osun-Benjamin trading as Waterhouse Finance Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/<strong>2006</strong> 25/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Robert Holmes trading as B J Holmes and Son Fitness & Propriety Issues/Threshold Conditions – RMAR 14/09/<strong>2006</strong> 25/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Assist GB Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/<strong>2006</strong> 18/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Castle Cars (Southport) Limited Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/<strong>2006</strong> 18/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Colin Lowther trading as Bertie Lowther & Sons Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/<strong>2006</strong> 18/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Craig Nevill trading as MortgageHunter Independent Mortgage Services Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/<strong>2006</strong> 18/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
David and Frank Shepherd Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/<strong>2006</strong> 18/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Dwain Leaver trading as PHS Mortgage Brokers Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/<strong>2006</strong> 18/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Grand Lodge of the United Kingdom Independent Order of English Mechanics<br />
Friendly Society (Preston Unity) Fitness & Propriety Issues/Threshold Conditions 05/09/<strong>2006</strong> 18/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions<br />
Ian Forster trading as Ian Forster Specialist Cars Fitness & Propriety Issues/Threshold Conditions – RMAR 02/08/<strong>2006</strong> 18/01/20<strong>07</strong> FIRM Variation/Cancellation/Refusal of Authorisation/Approval/ Permissions
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