Broker Network member fined and banned for fraud

fraud-clippings

Donald McKee Morgan, a partner in Ayrshire-based Donald Morgan Insurance Services (DMIS), has been fined £335,204 and banned from carrying out any regulated financial services activity in the future.

Mr Morgan's wife, Janet, who was the only other partner at DMIS, has also been publicly censured and banned from carrying out regulated financial services.

Mrs Morgan took no active part in the affairs of the firm, and failed to notice her partner's fraudulent activity.

Insurance Age understands

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: