Jersey regulator bans financial adviser for lacking integrity
The Jersey Financial Services Commission (JFSC) has banned an independent financial adviser from the industry for lacking integrity .
In a statement on 20 May, it prohibited Gufur Hussain from working in the island s finance industry following an investigation into his conduct after he arranged loans of more than £1m from people who were his financial advice clients.
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The investigation, which has not revealed the name of the company he worked for in the regulator s public statement, concluded that he repeatedly failed to disclose conflicts of interest to the company he worked for as a financial adviser and knowingly provided the JFSC with false and/or misleading information.