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Comments
FSA
nice to see the small business are targerted once again. Why don't the FSA put the regulations in place and help the businesses adhere to these regulations. I don't remember reading that the banks got any fines when they were (and probably still) not following proper protocol. When you read stories like the one above its any wonder anyone starts uo their own business because there are always people out to get you.
Posted by: Joanna
Dangerous waters
The banks were fined you ignoramus. Speaking of ignorant people, I am very glad to see that these two have been reprimanded. It is about time that incompetent sharks are being held accountable for their reckless behaviour. I'm sure neither of them had given a second thought to those poor souls who have paid for their 'advice'. They're lucky that they have emerged relatively unscathed, avoiding legal actions being taken against them.
Posted by: Anon.
Dangerous waters
The banks were fined you ignoramus. Speaking of ignorant people, I am very glad to see that these two have been reprimanded. It is about time that incompetent sharks are being held accountable for their reckless behaviour. I'm sure neither of them had given a second thought to those poor souls who have paid for their 'advice'. They're lucky that they have emerged relatively unscathed, avoiding legal actions being taken against them.
Posted by: Anon.
Dangerous waters
The banks were fined you ignoramus. Speaking of ignorant people, I am very glad to see that these two have been reprimanded. It is about time that incompetent sharks are being held accountable for their reckless behaviour. I'm sure neither of them had given a second thought to those poor souls who have paid for their 'advice'. They're lucky that they have emerged relatively unscathed, avoiding legal actions being taken against them.
Posted by: Anon.
Dangerous waters
The banks were fined you ignoramus. Speaking of ignorant people, I am very glad to see that these two have been reprimanded. It is about time that incompetent sharks are being held accountable for their reckless behaviour. I'm sure neither of them had given a second thought to those poor souls who have paid for their 'advice'. They're lucky that they have emerged relatively unscathed, avoiding legal actions being taken against them.
Posted by: Anon.
Dangerous waters
The banks were fined you ignoramus. Speaking of ignorant people, I am very glad to see that these two have been reprimanded. It is about time that incompetent sharks are being held accountable for their reckless behaviour. I'm sure neither of them had given a second thought to those poor souls who have paid for their 'advice'. They're lucky that they have emerged relatively unscathed, avoiding legal actions being taken against them.
Posted by: Anon.
sub-prime
Joanna, You sound like the sort of person who believes it is alright to shoplift from Marks and Spencer but not from the corner shop. Fraud is fraud, regardless of the size of the organization undertaking it. Are you too stupid to see that these cases are the whole global sub-prime debacle in miniature? One of the judgements says "The FSA found 14 out of 19 cases in which customers had submitted mortgage applications to lenders with false or misleading information about their incomes". That is fraud, pure and simple, and I would be dissappointed if a criminal cases do not follow. Reading further into it Mortgage Healthcare sold over 2,180 mortgages at £495 commission each. That's a cool million plus in commission over 4 years, hardly an insignificant amount. Nice work if you can get it, but most people earn an honest crust, not a criminally fraudulent one. This outfit would obviously have ignored any help from the FSA, as you suggest, as peopled know when they are doing right or wrong. Some people are just bent. The less outfits around like this the better it will be for decent, honest citizens.
Posted by: Anon
what about the advisors of mortgage healthcare
the 2 main advisors of the mortagehealth care were the ones carrying out 65% only mortgages and so called self cert mortgages, they are still trading and no doubt carrying on with how they conduted business before. The people of Dundee and Fife are still exposed to these individuals and this is the FSA fault. They have not dealt with the root cause of this misselling scandal. Once again the FSA fail to protect the public.
Posted by: anon