A Bradford broker, accused of submitting misleading mortgage applications, has been banned from trading by the financial services regulator.

The action was taken by the Financial Services Authority (FSA) against mortgage adviser Sofique Ullah, who traded as M A Financial Services and M A Mortgages (M A Financial Services).

It decided to prohibit Ullah from performing any regulated activity for knowingly submitting mortgage applications supported by inaccurate and misleading employment details for himself and his customers.

The FSA said he had failed to comply with its Principles For Businesses since April 2007, and in particular had failed to conduct his business with integrity.

Ullah, while acting in his capacity as principal, also did not put in place adequate arrangements to control M A Financial Services, of Oak Lane, Manningham, and to counter the risk it might be used to further financial crime. The FSA said he had failed to: - take reasonable steps to verify client information - implement adequate record keeping systems - monitor the mortgage business transacted - understand the regulatory requirements associated with mortgage business.

The FSA has also cancelled the permission granted to Ullah to carry on with regulated activities.

Jonathan Phelan, the FSA’s head of retail enforcement, said: “Ullah lacks integrity and competence and his actions posed a serious risk to mortgage lenders.

“Our crackdown on mortgage fraud is gathering pace – we have banned more than 40 mortgage brokers for mortgage fraud over the last two years, and we will continue to ban people who become involved in mortgage fraud.”

The FSA was unable to say whether there was any police involvement with the company. But a spokesman said: “Our practice in general is to inform police that we are taking action.”