FSA closes Manchester insurance broker
A Manchester insurance broker has been closed by the Financial Services Authority (FSA) after invest...
A Manchester insurance broker has been closed by the Financial Services Authority (FSA) after investigations revealed that the firm was selling insurance without underwriting in place, leaving clients uninsured. Michael Young - also known as Mohammad Younas Yousaf - was the managing director, and Asif Habib Malik was the financial director, of M Young Legal Associates (MYLA), which advised on, and sold, after-the-event legal expenses insurance policies. These policies covered customers' legal
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