The FSA has published a Final Notice concerning Omodeleola Kehinde Okenla trading as M & D Property Services, cancelling his permission to carry on regulated activities.
View Omodeleola Kehinde Okenla trading as M&D Property Services, 9 February 2010
The director of a mortgage and insurance broker has had his approval withdrawn and been prohibited from significant influence functions for lacking competence and capability and breach of Statement of Principle 7. He would have been fined £25,000 were it not for evidence of serious financial hardship. He failed to ensure that customers’ money was separated from the firm’s money, using one account for both business expenses and premium payments. He also failed to keep records of when premiums were due and failed to make premium payments. When the firm ceased trading approximately £85,000 of customer money was lost and approximately 700 policies had lapsed.
View Director banned by FSA for Client Money failings, 5 February 2010
View Final Notice - Matthew Sixsmith, 5 February 2010
View Final Notice - Bridgewater House UK, 5 February 2010