Fines table 2003
This table contains information about who the FSA has fined during 2003.
Total amount of fines in 2003 - £10,975,000.
| Amount | Company or person fined | Date | What was the fine for? | Compensation |
|---|---|---|---|---|
| £165,000 | Chase de Vere Financial Solutions plc | 19/12/03 | Misleading precipice and high income bond promotion | |
| £675,000 | Friends Provident Life and Pensions ltd | 17/12/03 | Mis-handling mortgage endowments complaints | |
| £150,000 | Hoodless Brennan and Partners plc | 17/12/03 | Breaches of rules in relation to a placing of shares in PrimeEnt plc and its dealing with regulators thereafter | |
| £2,320,000 | Abbey National companies - £2m - Abbey National plc; and £320k Abbey National Asset Managers ltd | 10/12/03 | Abbey National plc: breaches of the money laundering rules;Abbey National Asset Managers: systems and control breaches | Abbey National Asset Managers: £300,000 to a small number of clients |
| £250,000 | St James's Place – three companies from St James's Place Wealth Management Group plc | 26/11/03 | Inadequate monitoring and record keeping | |
| £150,000 | Mr Christopher Goekjian | 13/11/03 | Failing to detect or prevent attempts to mislead the Japanse tax authority when chief executive of Credit Suisse Financial Products | |
| £1,900,000 | Lloyds TSB Bank plc | 25/09/03 | Unsuitable sales of high income bond | Approximately £98 million |
| £1,250,000 | Northern Bank | 07/08/03 | Breaches of money laundering rules | |
| £10,000 | Mr Gordon Piggott | 09/07/03 | Breaches of FSA Principles relating to the sale of assets of Chartertrack Financial Services ltd | |
| £900,000 | ABN Amro Equities (UK) ltd | 23/04/03 | Market misconduct | |
| £70,000 | Mr Michael Ackers | 23/04/03 | Market misconduct | |
| £485,000 | Lincoln Assurance ltd | 16/04/03 | Mis-selling savings plans | £8.8 million set aside for compensation |
| £950,000 | Royal & Sun Alliance Group | 27/03/03 | Mortgage endowments failings | £16.6 million set aside for redress |
| £100,000 | DBS Financial Management plc | 25/03/03 | Misleading advertising | Refunds offered |
| £750,000 | Scottish Amicable | 06/03/03 | Mortgage endowment failings | £11 million set aside for redress |
| £100,000 | MLP Private Finance plc | 27/02/03 | Regulatory failings | |
| £750,000 | Bank of Scotland | 25/02/03 | Maladministration of PEPs and ISAs | £10,350 |