The FSA has fined Paul Harrison, former chief executive at Berry Birch & Noble Insurance Brokers (BB...
The FSA has fined Paul Harrison, former chief executive at Berry Birch & Noble Insurance Brokers (BBNIB) £17,500 for failing to implement proper systems and controls. Harrison was fined for failing to ensure that customers’ money held by the firm was adequately protected. BBNIB was authorised as a general insurance broker between 14 January, 2005 and 8 May, 2006. Harrison was chief executive during this period, and responsible for ensuring that BBNIB complied with the FSA's client money rules. Margaret Cole, director of enforcement at FSA, said Harrison has accepted personal responsib...
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