FSA fines Harrison

The Financial Services Authority (FSA) has fined Paul Harrison, former chief executive of insurance broker Berry Birch & Noble Insurance Brokers (BBNIB), £17,500 for failing to implement proper systems and controls to ensure that customers' money held by the firm was adequately protected. In July 2005, BBNIB's auditors identified serious failings in its client money systems and practices, which meant that the firm was unable to ensure compliance with the FSA's client money rules. Prior to re