A mortgage broker has been banned by the FSA from carrying out regulated activities.

Stephen Selby, trading as Selby Associates, of Ellesmere Port in Merseyside, was deemed to have failed to respond adequately to the FSA’s repeated requests to him to provide copies of client files and other information to allow the FSA to review his mortgage business.

The FSA declared that Selby has failed to ensure that his affairs are conducted soundly and prudently, and in compliance with proper standards and that his conduct has not met the requirements of Principle 11 (Relations with regulators) of the FSA’s Principles for Businesses.