Llanelli-based MJE Associates (Wales) was in breach of cold calling rules that led the Ministry of Justice’s claims regulator to shut it down.
A Welsh claims management company has abandoned its appeal against a regulatory ruling that shut down its operations in August.
MJE Associates (Wales), whose website still advertises no-win, no-fee help obtaining PPI compensation, stayed its appeal against the Ministry of Justice’s Claims Management Regulator’s (CMR) judgment ordering it to cease trading in August.
The regulator found that the company had breached of five rules set down by the CMR, including by cold calling.
It also broke rules around responsible conduct and data protection, while its management was found to be lacking in experience; one rule it broke was to have someone of “necessary competence” with a knowledge of regulation in charge.
MJE will be unable to continue trading now that it has given up on its appeal.