FSA bans Walsall Bridge Insurance for failing to insure consumers
The Financial Services Authority (FSA) today stripped Walsall Bridge Insurance Consultants Limited of its permission to carry on regulated activities after it found the firm had failed to pass on received client premiums to insurers, leaving clients uninsured, and used the money to run the day-to-day activities of its business.
As a result of the investigation the FSA has banned the company's sole director, Geoffrey Thomas Robbins, from conducting any further regulated business after finding him not fit and proper to work in
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