FCA bans ex-PI broker who faked High Court evidence

Laura Miller
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A former professional indemnity insurance broker has been banned by the regulator for giving forged evidence and lying to the High Court.

Stephen Robert Allen had attempted to mislead the Financial Conduct Authority (FCA) as to the full contents of the judgment from the High Court trial in which he was found to have faked documents. He can no longer work in the industry on the grounds that he is not a fit and proper person, the Upper Tribunal found. Allen has also been accused of secretly adding a fee to the premiums charged to a law firm client, which was the initial reason the FCA sought to ban him During FCA enforcement action against him, the regulator said Allen produced a single redacted page from a High Court ju...

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