Tag: FCA fine

fca fine
February 05, 2019 BY Valentina Kirilova

Former fund manager at Newton Investment Management Ltd fined £32,200

UK financial regulator Financial Conduct Authority (FCA) has announced that it has fined Paul Stephany, a former fund manager at Newton Investment Management Limited, £32,200 for his conduct in relation to an Initial Public Offering (IPO) and a placing. Stephany risked undermining the integrity of the market and the book build by trying to use their collective…

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SFC fines
March 05, 2018 BY LeapRate Staff

Deutsche Bank FX trader Guillaume Adolph fined and banned by the FCA

UK financial regulator the Financial Conduct Authority (FCA) has announced that it has fined Guillaume Adolph £180,000, and banned him from performing any function in relation to any regulated financial activity. Mr. Adolph formerly worked at Deutsche Bank AG (FRA:DBK) as a short-term interest rate derivatives trader, trading products referenced to CHF (Swiss Franc) and JPY…

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March 30, 2017 BY Valentina Kirilova

WhatsApp leaks land Jefferies investment banker FCA fine

The Financial Conduct Authority (FCA) announced that has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence. The FCA found that Mr Niehaus, who was a managing director in the Investment Banking division…

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October 05, 2016 BY Valentina Kirilova

FCA fines Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited £8.2m for Client Money and Assets failings

The Financial Conduct Authority (FCA) has today fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited (together Aviva) £8,246,800 for failings in its oversight of its outsourced providers in relation to the protection of client assets. Mark Steward, Director of Enforcement and Market Oversight at the FCA said: Aviva outsourced the administration of…

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September 19, 2016 BY LeapRate Staff

FCA hits payday firm CFO Lending with £34 million fine for treating customers unfairly

Payday loan firm CFO Lending has entered into an agreement with UK financial regulator the Financial Conduct Authority (FCA) to provide over £34 million of redress to more than 97,000 customers for unfair practices. The redress consists of £31.9 million written-off customers’ outstanding balances and £2.9 million in cash payments to customers. LeapRate readers will recall…

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August 09, 2016 BY Valentina Kirilova

FCA fines Cenkos Securities £530,500

The Financial Conduct Authority (FCA) has fined Cenkos Securities plc (Cenkos) £530,500 for failures in its sponsor services business. Cenkos failed to have appropriate systems and controls in place across its sponsor services business, and, on a particular transaction, failed to act in its sponsor role with the level of diligence and professional care that…

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November 20, 2014 BY LeapRate Staff

FCA fines RBS, NatWest and Ulster Bank £42 million for IT failures

UK regulated financial services companies had better ensure that their IT systems work properly. Using the excuse 'it was a computer glitch' doesn't fly any more. UK financial regulator the Financial Conduct Authority (FCA) has today fined the Royal Bank of Scotland (NYSE:RBS), National Westminster Bank (NatWest) and Ulster Bank a total of £42 million (about…

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