Public warning may mean career over
The Financial Markets Authority yesterday warned about Brian Ferguson, who it said had copied and pasted client signatures into insurance policy documents.
He was dobbed in by his dealer group, which also "showed him the door".
It’s not the first time the regulator has made public comment about an adviser, without taking further action.
In 2016, the FMA made public details of a warning it gave to a unnamed financial adviser who advised his clients of an alternative life cover plan with a different insurance provider but did not tell them about the policy pricing. He then provided a direct debit form to the clients, which they ignored.
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