FSA has banned Simon Kuun, director of MEP Group Plc, and has fined him £75,000 and also banned his firm. It found Mr Kuun lacked honesty and integrity and fined him £50,000 in 2008. Mr Kuun had lied to FSA about his use of unapproved and unqualified staff, including probably inventing an individual to hide his involvement. Mr Kuun appealed to the FSMT, which upheld FSA's findings and increased the fine to £75,000 when Mr Kuun also lied to the tribunal.