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Mr O’Halloran, who has worked in the financial services industry for more than 40 years said he was fed up with dealing with the regulator.
He said: “The FSA has let the side down through the financial crisis and failures of firms such as Keydata and Arch Cru. Yet it always blames everyone else.
“Another 12 months of putting up with the questionable antics of the FSA and its successor bodies would have put me in an early grave and, at age 68, I have every intention of being around until I am in my 90s.”
Mr O’Halloran said he would continue running O’Halloran Financial Management Services, a sole trading strategic financial planning firm.