FSA bans broker for high-pressure sales techniques, systems and controls failings

The Financial Services Authority (FSA) has banned a trader from selling mortgage and general insurance products, after he used high-pressure sales techniques and failed to monitor staff adequately to ensure clients were treated fairly.

The FSA says Aaron Nickols, trading as Warwick Finance, “was not being fit and proper to run a mortgage and insurance business”.

“By failing to treat his customers fairly, lacking the essential systems and controls to meet the FSA’s minimum regulatory requirements