Another broker has had his permissions cancelled by the FSA for failing to pay his fees.

Adam John Lucas trading as People Loans, in Frinton-on-Sea, has been served with a final notice about the decision to cancel the permission granted for him to carry on regulated activities because he failed to pay fees and levies of £1,349.41 owed to the FSA, despite repeated requests to do so.

Last week the regulator cancelled the permissions of Oke Hassan over unpaid fees totalling £1,042.72.