A director of new car brokerage in the north east of England has been banned by the Financial Conduct Authority from carrying out any regulated consumer finance or insurance activities because it has deemed him to be "not a fit and proper person".

The finance regulator has tackled Graham Lilley, who traded as Global Car Leasing in Newcastle, because he wasn't open with the FCA after he received a criminal conviction in 2022.

Lilley had been authorised by the FCA to since 2017 to operate as a sole trader credit broker, and sourced cars ranging from Audis to Range Rovers for clients through his Global Car Leasing business.

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