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Former sub-prime lender director hit with £100,000 fine
he former managing director of a sub-prime lender has been banned and fined £100,000 by the Financial Services Authority (FSA) for publishing false information about the credit quality of its loan book. In a final notice published on 8 October 2012, the regulator confirmed that John Blake engaged in market abuse and was “knowingly concerned in the failure of Welcome Financial Services”, a subsidiary of Cattles.....Read more here: Former sub-prime lender director hit with £100,000 fineYou must be logged in to post a comment.
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