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IFA&#39s assets frozen by High Court

The High Court has frozen the assets of IFA Malcolm Peter Millward of Calverton, Nottingham after proceedings were brought by the FSA.


The injunction also forbids Millward from breaking the Banking Act 1987, and will remain in place until the final hearing of the case.


The FSA alleges Millward between 1994 and this year accepted loans from clients totalling about £150,000. The regulator this amounts to an unauthorised deposit taking business.

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