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FSA cancels adviser’s permissions for failure to pay fees

The FSA has cancelled the permissions of Richard Blackwood, trading as Meridian Loan Consultants, after he failed to pay £1,078 owed to the regulator in fees and levies.

The FSA says it repeatedly requested payment from Blackwood, and his failure to pay is “significant” in the context of his suitability.

The FSA says Blackwood was not conducting his business “soundly and prudently and in compliance with proper standards” and therefore is not a fit and proper person.

This week Money Marketing revealed the FSA is owed money by 1,692 firms.

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Comments

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  1. Julian Stevens 31st July 2009 at 2:39 pm

    FSA cancels Richard Blackwood’s permission
    Would he have conducted his business more soundly and prudently if he had achieved QCA Level 4 or even 5?

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