All Entries Tagged With: "FSA"
FSA get tough on insider trading
The Financial Services Authority has handed out their biggest ever fine on an individual. Britain’s financial regulators fined Mehmet Sepil, chief executive of Genel Enerji, Plc a whopping £959,293 ($1.5 million)
Repossession fears: 13.5% surge in mortgage arrears
According to the Financial Services Authority (FSA) repossessions have increased by almost 50 percent, and there has been a jump of 13.5 percent seeing 310,000 borrowers that are behind on their mortgage payments.
The UKs financial watchdog report showed that 310,000 borrowers were unable to pay back their mortgage loan in the second quarter of 2008. [...]
FSA investigates further into loan protection insurance
The British financial watchdog the FSA is looking at ways to tighten its grip on Payment Protection Insurance providers, the FSA have been investigating how the insurance is sold alongside
Short-selling fully investigated by the FSA
Short-selling had a four month ban imposed on it from The Financial Services Authority (FSA) last week as it was deemed un-ethical as people were exploiting the difficult economic
FSA to be sued over short-selling ban
It was reported on Sunday that the Financial Services Authority (FSA) faces legal action from a group of top hedge funds over the ban on short-selling financial shares in put in place on Thursday. Although the funds involved have not been named, it’s been said that
Liverpool Victoria bank fined by the FSA
The Financial Service Authority (FSA) yesterday fined Liverpool Victoria bank £840,000 for adding protection insurance policies to customer mortgages without explaining to
FSA has banned partners of Wakefield-based Mortgage Exchange
The FSA has banned two partners of Wakefield-based Mortgage Exchange, these mortgage brokers Derrick Whewall and Alan Hewitt had given potentially unsuitable advice to at least 250 customers.
The FSA said that they were banned for failing to
FSA ban and fine mortgage broker £129k for fraud
Mortgage broker Sadia Nasir, director of Ilford-based London Mortgage and Financial Services, who traded under the name House of Finance has been banned and fined 129k for fraud. The broker entertained her own details on client’s application forms.
Nasir also submitted seven false mortgage applications as well as