12/10/2011 - FSA Appeal Results In Bigger Fine

FSA Appeal Results In Bigger FineFSA Appeal Results In Bigger Fine.

The Financial Services Authority (FSA) have given 2 previously banned mortgage advisers higher penalties after they appealed.

Nazia Bi, who committed mortgage fraud, and Quadeem Mohammed, who assisted with the fraud, have their fines increased from £25,000 and £15,000 to £45,000 and £25,000 respectively.