The FCA has banned David Robert Cooke from carrying out any regulated activity after receiving a police caution for insurance fraud that led to the collapse of a client.
Cooke, who had been a director at Weston-super-Mare-based broker Professional Construction Risks, setup a public liability policy for a client on 19 October 2019, knowing that the funds would not be passed onto the insurer.
And when the client tried to make a claim in 2020, they discovered that they were not insured, causing the company to enter liquidation.
The FCA said Cooke later admitted that he committed fraud in that he dishonestly made a false representation, with him receiving a caution from police on 28 February 2023.
Now, the regulator has decided to…
