This contains information about fines published during the calendar year ending 2020. The total amount of fines is £192,570,018.
| Firm or individual fined | Date | Amount | Reasoning |
|---|---|---|---|
| Charles Schwab UK Limited[1] | 21/12/2020 | £8,963,200 | This Final Notice refers to breaches of PRIN 10 and 11, CASS and Section 20 FSMA related to failing to be open and co-operative, client money/assets and failing to operate in accordance with permission in the Wealth Management and Private Banking sector. We imposed a financial penalty. |
| Corrado Abbattista[2] | 15/12/2020 | £100,000 | This Final Notice refers to breaches of FIT and MAR related to market abuse in the trading firm sector. We imposed a prohibition and fine. |
| Barclays Bank UK PLC, Barclays Bank PLC, Clydesdale Financial Services Limited[3] | 15/12/2020 | £26,056,400 | This Final Notice refers to breaches of PRIN 6, PRIN 3, and CONC related to unfair treatment of customers in the Retail Banking sector. We imposed a fine. |
| LJ Financial Planning Ltd[4] | 10/12/2020 | £107,200 |
This Final Notice refers to breaches of PRIN 8 and PRIN 9 related to conflicts of interest and failure to provide suitable advice in the Pensions sector. We imposed a fine. |
| TFS-ICAP Limited[5] | 23/11/2020 | £3,444,100 | This Final Notice refers to breaches of PRIN 2, PRIN 3 and PRIN 5 related to wholesale conduct in the wholesale broker sector. We imposed a fine. |
| Goldman Sachs International[6] | 22/10/2020 | £48,308,400 |
This Final Notice refers to breaches of PRIN 2 and PRIN 3 related to wholesale conduct in the investment bank sector. We imposed a fine. |
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14/10/2020 | £873,118 | This Final Notice refers to Asia Research and Capital Management’s failure to notify the FCA and disclose to the public its net short position in Premier Oil in breach of short selling disclosure rules. We have fined the firm £873,118. |
| Commerzbank AG[8] | 17/06/2020 | £37,805,400 | This Final Notice refers to breaches of PRIN 3 related to financial crime in the retail bank sector. We imposed a fine. |
| Lloyds Bank Plc, Bank of Scotland Plc and The Mortgage Business Plc[9] | 11/06/2020 | £64,046,800 | This Final Notice refers to breaches of PRIN 3 and PRIN 6 related to the unfair treatment of customers in the mortgages sector. We imposed a fine. |
| Moneybarn Limited[10] | 17/02/2020 | £2,774,400 | This Final Notice refers to breaches of PRIN 6, PRIN 7 and the CONC rules related to the unfair treatment of customers in the consumer credit sector. We imposed a fine. |
| Hall and Hanley Limited (HHL)[11] | 21/01/2020 | £91,000 | This Final Notice refers to breaches of the Conduct of Authorised Persons Rules 2014 (CAPR) in relation to misleading consumers to claims and unfair treatment of consumers in the claims management sector. We imposed a fine. |