Financier Moser and mortgage firm fined by FSA

CHESHIRE Mortgage Corporation, a subsidiary of finance company Jerrold Holdings, and two directors including chief executive Henry Moser, have been fined by the Financial Services Authority for a 'lacklustre approach to regulation'.

Mr Moser has been fined £70,000 personally and has agreed to step down from his role at CMC within three to six months. The company has been fined more than £1m and must now compensate more than 2,000 customers.

In a statement the FSA said the company had been fined £1.22m for fail... For the full story register now for free or login below...