Fines table - 2010
This table contains information about who the FSA has fined during 2010.
Total amount of fines in 2010 - £2,644,000
| Amount | Company or person fined | Date | What was the fine for? | Compensation |
|---|---|---|---|---|
| £140,000 | Simon Treacher | 03/02/10 | For deceiving investors by mis-marking funds he managed and misleading the FSA during the investigation. | |
| £28,000 | Sett Valley Insurance Services | 27/1/10 | For breaking the FSA's Principles for businesses | |
| £10,500 | John Hargreaves | 27/1/10 |
For breaking the FSA's Statement of Principles for approved persons. |
|
| £10,500 | Leslie Lugsden | 27/1/10 | For breaking the FSA's Statement of Principles for approved persons. |
|
| £2,450,000 | Standard Life Assurance Limited | 20/01/10 | For failures which led to fraudulent mortgage applications being submitted to lenders. | |
| £5,000 | Riaz Ahmad | 20/01/10 | for failing to act with competence and capability, which included failing to have suitable compliance and risk management processes in place at Finance.com. |