Tribunal upholds FCA ban and £150 000 fine on broker Jeffery Flanders
The Upper Tribunal has upheld the decision of the Financial Conduct Authority to ban Andrew Jeffery, director of Jeffery Flanders (Consulting), and fine him £150 000 – one of the largest fines imposed on a broker for insurance fraud.
The judgment was issued by the tribunal on Thursday 27 June 2012 after a 16-day hearing in December 2012 and January 2013. It remains open to Jeffery to appeal this judgment.
The tribunal found that
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