LONDON, Oct 23 (Reuters) – A husband and wife debt management duo paid for luxury hotels and cars by deceiving more than 4,000 customers who lost in excess of 6 million pounds ($8 million), Britains Financial Conduct Authority (FCA) said on Monday.
The watchdog said it banned Adrian and Christine Whitehurst from any involvement in regulated financial services activity. The two were former directors of now-dissolved debt management firm First Step Finance Ltd. Their lawyer had no immediate comment.
The ban is the strongest action the FCA can take, as the misconduct took place in the six years before responsibility for regulating consumer credit was handed to the watchdog in 2014.
The FCA has also referred the Whitehursts to the City of Lo…
Read the full article at: https://www.reuters.com/article/uk-watchdog-bans-high-living-debt-manage/uk-watchdog-bans-high-living-debt-management-husband-and-wife-for-deception-idUSL8N1MY2NA
