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FCA bans broker for misusing policyholders’ premiums

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The Financial Conduct Authority has banned the former director of an Exeter-based insurance brokerage from working in the financial services industry.

Martin Sarl, who was the sole director of Perry Prowse (Insurance Consultants) Ltd, was also fined £5,021.

The regulator said Sarl had acted without honesty and integrity, failing to pass clients’

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