FSA crackdown: whistleblower helps ban unauthorised broker
A whistleblower has helped ban an unauthorised insurance broker from performing any regulated role in financial services, after he was caught using client money to fund a new broking business.
Barrie Aspden has also been fined £50 000 by the Financial Services Authority after he siphoned £300 000 of Orion Direct client money to finance an online motor insurance website called Peppercom.
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