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
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- JMG strikes its biggest deal of 2024 with BQI swoop
- Pen inks £150m social housing capacity deal with SiriusPoint
- In Depth: Managing cyber risk in an ever-changing security landscape