This table contains information about fines published during the calendar year ended December 2013. The total amount of fines is £474,263,738.
| Firm or individual fined | Date | Amount | Reasoning |
|---|---|---|---|
| JLT Specialty Limited[1] | 19/12/2013 | £1,876,000 | For failing to have in place appropriate checks and controls to guard against the risk of bribery or corruption when making payments to overseas third parties. |
| Westwood Independent Financial Planners[2] | 17/12/2013 | £100,000 | For communications and suitability failings in relation to geared traded endowment policies (GTEPs). |
| Christopher Willford[3] | 11/12/2013 | £30,000 | For misconduct in his performance as a CF1 Director. |
| Lloyds TSB Bank plc Bank of Scotland plc[4] |
11/12/2013 | £28,038,800 | For serious failings in the systems and controls governing financial incentives to sales staff. |
| SEI Investments (Europe) Limited[5] | 25/11/2013 | £900,200 | For failing to arrange adequate protection for client money for which it was responsible. |
| Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank)[6] | 29/10/2013 | £105,000,000 | For misconduct relating to the London Interbank Offered Rate (LIBOR). |
| Porta Verde Financial Services Limited[7] | 24/10/2013 | £25,000 | For serious failings in its appointed representatives’ sales practices. |
| Mark Bentley-Leek[8] | 18/10/2013 | £525,000 | For misleading investment advice. |
| Mustafa Dervish[8] | 18/10/2013 | £360,000 | For misleading investment advice. |
| Alison Moran[9] | 30/09/2013 | £20,000 | Former compliance officer fined for failing to act with due skill, care and diligence. |
| ICAP Europe Limited[10] | 25/09/2013 | £14,000,000 | For misconduct relating to the London Interbank Offered Rate (LIBOR). |
| Clydesdale Bank PLC[11] | 24/09/2013 | £8,904,000 | For failing to treat its mortgage customers fairly. |
| Mr Andrew Jeffery[12] | 23/08/2013 | £150,000 | For a lack of integrity and for failing to deal openly and transparently with the regulator. |
| JP Morgan Chase Bank NA[13] | 18/09/2013 | £137,610,000 | For serious failings relating to its Chief Investment Office’s "London Whale" trades. |
| AXA Wealth Services Ltd[14] | 12/09/2013 | £1,802,200 | For failing to ensure it gave suitable investment advice to its customers. |
| Aberdeen Asset Managers Limited and Aberdeen Fund Management Limited[15] |
02/09/2013 | £7,192,500 | For failing to identify, and therefore properly protect, client money placed in Money Market Deposits with third party banks. |
| Guaranty Trust Bank (UK) Limited[16] | 08/08/2013 | £525,000 | For failings in its anti-money laundering (AML) controls for high risk customers |
| Vandana Madhukar Parikh[17] | 06/08/2013 | £45,673 | For failing to act with due skill, care and diligence in the period leading up to the illegal manipulation of the closing price of securities traded on the LSE by Rameshkumar Goenka. |
| John Douglas Leslie[18] | 26/07/2013 | £28,000 | For failing to meet minimum regulatory standards in terms of performing significant influence functions with due skill, care and diligence. |
| Paul David Cable[19] | 19/07/2013 | £140,000 | For failing to put in place insurance policies for a client, and for not passing on the relevant premiums to insurer. |
| Swinton Group Limited[20] | 16/07/2013 | £7,380,400 | For failings in relation to its telephone sales of monthly add-on insurance products. |
| The Royal Bank of Scotland plc and The Royal Bank of Scotland N.V[21] | 16/07/2013 | £5,620,300 | For incorrectly reporting transactions made in the wholesale market. |
| Jeffrey Simon Bennett[22] | 12/07/2013 | £28,000 | For failing to exercise due skill, care and diligence in managing the business of Burlington for which he was responsible in his controlled function. |
| Michael Coscia[23] | 03/07/2013 | £597,993 | For Market Abuse (market manipulation). |
| David Thomas Davis[24] | 05/07/2013 | £70,258 | For failing to act with due skill, care and diligence in the period leading up to the illegal manipulation of the closing price of securities traded on the LSE by Rameshkumar Goenka. |
|
01/07/2013 |
£2,834,700 |
For poor complaints handling of mobile phone insurance policies sold by Phones 4u Ltd. |
|
|
19/06/2013 |
£945,277 |
For deliberately misleading vulnerable customers for personal gain. |
|
|
05/06/2013 |
£6,031,200 |
For failing to ensure advice given to customers was suitable and for poor systems and controls. |
|
|
05/06/2013 |
£63,000 |
For conducting regulated activities despite being subject to a requirement. |
|
|
31/05/2013 |
£120,900 |
For client asset failings. |
|
|
10/05/2013 |
£3,076,200 |
For systems and controls failings relating to its provision of retail investment advice and portfolio investment services. |
|
| Douglas Jones[31] | 29/04/2013 | £13,300 | For failing to ensure that Which Mortgage had appropriate controls to verify information submitted by clients to support mortgage applications, and for altering certain client files to attempt to mislead the FSA as to the controls. |
| EFG Private Bank[32] | 28/03/2013 | £4,200,000 | For failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers. |
| Care Asset Management Limited[33] | 27/03/13 | £56,000 | For breach of rules in relation to its sale of products provided by keydata. |
| The Prudential Assurance Company Limited[34] | 27/03/13 | £16,000,000 | For failing to deal with the FSA in an open and cooperative manner. |
| Prudential plc[35] | 27/03/13 | £14,000,000 | For Listing Rules breaches. |
| Lamprell plc[36] | 18/03/13 | £2,428,300 | For Listing Rules breaches. |
| Lloyds TSB Bank Plc, Lloyds TSB Scotland Plc, and Bank of Scotland plc[37] | 15/02/13 | £4,315,000 | For delayed PPI redress payments. |
| Nestor Healthcare Group Limited[38] | 14/02/13 | £175,000 | For failing to take adequate steps to ensure that its board members and senior executives complied with the share dealing provisions of the FSA’s Model Code. |
|
08/02/13 |
£9,450,000 |
For failings in its sale of an AIG fund. |
|
|
06/02/13 |
£87,500,000 |
For misconduct relating to the London Interbank Offered Rate (LIBOR). |
|
|
24/01/2013 |
£900,000 (and disgorgement of €362,950) |
For market abuse (market manipulation). |
|
|
24/01/2013 |
£650,000 |
For market abuse (market manipulation). |
|
|
15/01/2013 |
£212,237 |
For misappropriating money from his business and selling worthless policies.
|
|
|
07/01/2013 |
£10,000 |
For numerous failings in relation to the sale of mortgages and payment protection insurance (PPI). |
|
|
07/01/2013 |
£50,000 |
For numerous failings in relation to the sale of mortgages and payment protection insurance (PPI). |
|
| Co-operative Bank plc[46] | 04/01/2013 | £113,300 | For failing to handle payment protection insurance (PPI) complaints fairly. |
: Information changed Removing an unpublished final notice.