Law firms divided over FSA broker action
Eversheds and Beachcroft have responded to the FSA’s record £150 000 fine and ban on five insurance brokers, announced earlier today.
Mathew Rutter, financial services partner at Beachcroft LLP, said the action taken by the regulator indicated a desire to be seen as a “credible deterrent” to fraudsters: "The FSA's decision acts as a
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