Mr Mosley, a sole director at Mosley & Company in Keighley, West Yorkshire, was found to not have the necessary competence and capability to provide financial advice.
The FSA discovered that Mosley had made potentially misleading statements to customers, told customers advised sales were 'execution-only', failed to adequately research products or assess customer's circumstances and recommended and arranged mortgages when he was not qualified to do so.
Other failures included the failure to ensure an adequate complaints process was in place and encouraging customers to sign a waiver that they "could see no wrongful advice now or in the future."

The concerns were initially noted when the FSA carried out an assessment to see if small firms were treating customers fairly back in May 2010.
As such the FSA prohibited him from holding a Significant Influence Function, acting as a sole trader and has cancelled the company's permission to carry out regulated activities.
Bill Sillett, head of retail enforcement at the FSA, said: "In taking this action, we are protecting the public from an IFA who misled his customers and was neither competent, capable nor qualified.
"Mosley has now been banned and fined. This should act as a message that the FSA will dedicate time and resources to punishing misconduct across all areas of the financial services industry, whether the firm is large or small."