FCA extends ban and fines former insurance broker £140,000
The Financial Conduct Authority (FCA) has banned and fined a former insurance broker £140,000.
Paul Cable, of Bromley, Kent, who was the sole director of Media and Entertainment Insurance Service (M&E), was previously barred from acting as a Financial Services Authority (FSA)-approved person for at least two years in October 2010.
However, the new regulator has now extended his punishment to a full ban after further evidence emerged about Cable's wrongdoing several years ago.
The FCA said it emerged that Cable also misled a client by insisting he had arranged insurance policies for them
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