Qatar financial regulator fines and bans directors of Guardian Wealth

Qatar Financial Center Regulatory Authority (QFCRA) has banned both directors of Guardian Wealth Management Qatar, an insurance brokerage company that is primarily involved in selling long-term savings plans in the kingdom,  and fined them $400,000. QFCRA has imposed a penalty of $200,000 each on David Howell and John Hasberry, who were the directors of Guardian Wealth Management Qatar (GWMQ), which is now in liquidation. The individuals are also prohibited from performing any function or being employed by any authorized firm in the QFC for three years, owing to "serious misconduct" a...