The logo of the new Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of London

FCA fines property agent record one million pounds

LONDON (Reuters) - The Financial Conduct Authority (FCA) has fined a property agent nearly a million pounds for defrauding vulnerable people, the largest-ever fine for a sole trader in the consumer sector. The FCA also banned Gurpreet Singh Chadda from working in the financial services industry for the way he conducted sale and rent back agreements that netted him 695,277 pounds from seven transac…

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