FSA has published its final notices against Qadeem Mohammed and Nazia Bi, both of whom were involved in mortgage fraud. Ms Bi, as director of an appointed representative firm, paid no attention to regulation and did not question the instructions received from her firm’s principal. She said she considered checking whether facts on a form were true to be unimportant and at one time denied knowing that she was an approved person. Ms Bi took FSA’s decision to fine her to the Tribunal, which did not believe her claims of hardship and increased her fine. It also increased the fine of Qadeem Mohammed, who was registered to several significant influence functions for the principal firm but who, like Ms Bi, took instructions unquestioningly from their brother. (Source: Final Notice Nazia Bi and Final Notice Qadeem Mohammed)