PI broker banned by FCA
The Financial Conduct Authority has barred former insurance broker Stephen Robert Allen after the Upper Tribunal found he was not a fit and proper person. The Tribunal reached the decision because Allen was found to have submitted a forged document in evidence and to have knowingly given untrue evidence before the High Court in another matter.
The Tribunal also based its decision on the fact that Allen had attempted to mislead the FCA as to the full contents of the judgment from the High Court trial.
Allen was an insurance broker
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