Brokers warned of rise in fraud after FSA bans broker

fraud-clippings

Law firm Pinsent Masons, issued the warning following the banning and fining of a mortgage adviser for fraud.

Bruno Geiringer, insurance partner at the law firm, said: “This is a timely warning to all adviser firms to ensure proper controls are in place to pick up and check the submission of applications for own adviser product sales by their representatives.

“This is not a new or complicated way of gaining money and sometimes the fraud is just plain and simple, as in this case. The problem is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: