FCA cancels trading permission for Coffin Insurance Services
Regulator not satisfied CIS conducts its affairs in a sound and prudent manner.
The Financial Conduct Authority (FCA) has told Coffin Insurance Services (CIS) to cease trading.
The regulator is not satisfied that Wales-based broker is "fit and proper" and said it did not ensure "its affairs are conducted in a sound and prudent manner".
The FCA issued a warning notice and a decision notice, on 10 September and 14 October respectively, to CIS, which did not refer the matter to the tribunal within 28 days of the latter.
Failure
Referring to its decision, the body said: "CIS has
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