Tribunal sets aside debarment of rep who failed a polygraph test – Moonstone Information Refinery

Tribunal sets aside debarment of rep who failed a polygraph test – Moonstone Information Refinery

The Financial Services Tribunal (FST) has set aside the debarment of a representative who assisted a colleague with a fraudulent transaction, finding that the evidence was insufficient to conclude that the rep lacked honesty and integrity. The financial services provider relied heavily on the results of a polygraph test to support its contention that the rep was intentionally involved in a fraudulent scheme. The decision – delivered on 11 August…