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A regulator which exaggerated rates and items of attendance to justify huge invoices has been banned from regulating

The Regulator was found guilty of ‘outrageous plundering’ of the assets of members of the profession it was meant to be regulation. In a judgment published this week the regulator’s regulator said this was ‘one of the most deplorable’ cases of dishonesty it had encountered.
The tribunal judgment said misconduct of the type displayed ‘did not get much worse than this’.
The regulator was struck off and ordered to pay £700,000 costs.

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