FSA censures broker boss
The Financial Services Authority has today published a Statement of Misconduct against Mr Steven Leslie Davis for falling well below acceptable standards in the way that he carried out his duties as a director of his firm. His misconduct led to considerable consumer detriment. This is the first occasion on which the FSA has disciplined a senior manager of a mortgage and general insurance broker.
In a statement the FSA said: "Mr Davis was both chief executive of and the director responsible for the accounts and finance functions at Essential Mortgages Limited. He failed to ensure that there
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