FCA Charges Former UK Mortgage Broker Shaun Lawrence After 2008 Ban
Details of FCA Charges Against Shaun Lawrence
Background of the Case
April 30 (Reuters) - Britain's financial watchdog on Thursday charged a former British mortgage broker Shaun Lawrence with allegedly continuing to provide such activities after his permissions were revoked and he was fined nearly two decades ago.
Upcoming Court Appearance
The Financial Conduct Authority (FCA) said Lawrence, 58, who also goes by the names Shaun Lawrence-Bright and Shaun Bright, will appear before Hull Magistrates' Court on July 2.
Previous Regulatory Actions
Cancellation of Authorisation
Lawrence had his authorisation cancelled by the FCA's predecessor, the Financial Services Authority, in December 2008 after regulators found he provided misleading information to lenders, failed to maintain adequate systems and controls, and did not cooperate with investigators.
Reporting and Editorial Credits
(Reporting by Yamini Kalia in Bengaluru; Editing by Maju Samuel)
