FSA fines and bans director £25 000 for part in £2m London market fraud
The Financial Services Authority has fined Barry Williams £25 000 and banned him from working in regulated financial services for his part in a scheme that defrauded leading London market insurers of more than £2m.
While not a participant in the fraud, as a director of Surety Guarantee Consultants, the FSA said Mr Williams deliberately ignored his responsibilities as an approved person, turning a blind eye
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