UK FCA charges Shaun Lawrence over unauthorised mortgage broking

Mortgage intermediaries must verify FCA authorisation before arranging

Change
The UK FCA charged Shaun Lawrence with allegedly arranging regulated mortgage contracts without authorisation while banned from financial services.
Why it matters
The FCA alleges Lawrence breached FSMA by carrying on regulated mortgage-broking activity without authorisation. The case reinforces authorisation checks before arranging regulated mortgage contracts.
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Source
FCA
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