Enforcement notices
This page lists enforcement final notices we have issued in relation to market conduct cases, including relevant principles.
| Date | Final notice | Description |
|---|---|---|
| November 2008 | Filip Boyen | A financial penalty of £81,982.95 on Mr Filip Boyen for dealing in the shares of Monterrico Metals plc on the basis of inside information. |
| November 2008 | Richard Ralph | A financial penalty of £117,691.41 on Mr Richard Ralph, the former British ambassador to Peru and the former executive chairman of AIM-listed mining company, Monterrico Metals plc (Monterrico) for dealing in Monterrico's shares on the basis of inside information. |
| September 2008 | Steven Harrison [PDF] |
A financial penalty of £52,500 on Mr Steven Harrison for market abuse |
| July 2008 | John Shevlin [PDF] | A financial penalty of £85,000 on Mr John Shevlin for market abuse |
| March 2007 | Roberto Casoni [PDF] | A financial penalty on Mr Roberto Casoni of £52,500 for breaches of Principles 3 of the FSA's Statements of Principle for Approved Persons. |
| November 2006 | Sean Pignatelli [PDF] | A financial penalty of £20,000 for breaches of Principles 2 and 3 of the FSA's Statements of Principle for Approved Persons. |
| October 2006 | James Parker [PDF] | A financial penalty of £250,000 is imposed to Mr Parker pursuant to section 123 of the Financial Services and Markets Act 2000 ("the Act"). |
| August 2006 | GLG Partners and Philippe Jabre [PDF] | A financial penalty on Mr Jabre of £750,000 and a financial penalty on GLG of £750,000 because Mr Jabre had committed market abuse contrary to section 118 of FSMA and Mr Jabre had breached Principles 2 (Due Skill, Care & Diligence) and 3 (Market Conduct) of the FSA’s Statements of Principle for Approved Persons. GLG had committed market abuse contrary to section 118 of FSMA and had breached Principle 5 (Market Conduct) of the FSA’s Principles for Businesses. |
| April 2006 | Deutsche Bank [PDF] | A financial penalty of £6,363,643 in respect of breaches of the FSA’s Principles for Business which arose from two transactions conducted by the London branch of Deutsche during March 2004. |
| April 2006 | David Maslen [PDF] | A financial penalty of £350,000 for being knowingly concerned in the contravention by Deutsche of Principle 5 of the Principles. |
| December 2005 | Jonathan Malins [PDF] | A financial penalty of £25,000 in relation to his purchases of ordinary shares in Cambrian Mining plc ahead of two announcements concerning Cambrian's Placing of shares and its Interim Results, made by the Company on 23 March 2005 and 31 March 2005 respectively. |
| November 2005 | Press release | FSA secures convictions in first criminal market abuse case against former AIT directors Mr Rigby and Mr Bailey. |
| June 2005 | Citigroup [PDF] | A financial penalty in respect of a breach of Principles 2 and 3 of the FSA's Principles for Businesses in regard to a trading strategy on the European government bond markets. This consisted of two elements: a relinquishment of profits in the amount of £9,960,860 and an additional penalty of £4 million. |
| May 2005 | Arif Mohammed [PDF] | A financial penalty of £10,000 as a result of trading at a time when, in possession of confidential information obtained in the course of employment. |
| February 2005 | David Isaacs [PDF] | A financial penalty of £15,000 in respect of disclosures on the bulletin board website ADVFN of certain information obtained from Trafficmaster plc which was not generally available. |
| December 2004 | Robert Hutchings [PDF] | A financial penalty of £18,000 in relation to Mr Hutchings for engaging in Market Abuse in the shares of I Feel Good (Holdings) PLC ("IFG").A financial penalty of £18,000 in relation to Mr Hutchings for engaging in Market Abuse in the shares of I Feel Good (Holdings) PLC ("IFG"). |
| December 2004 | Indigo Capital and Robert Bonnier [PDF] | Financial penalties on ICL of £65,000 and on Mr Bonnier of £290,000 imposed for market abuse arising out of twelve inaccurate disclosures in relation to dealings related to shares in Regus plc ("Regus") by ICL and/or Mr Bonnier. |
| December 2004 | Jason Smith [PDF] | A financial penalty of £15,000 as a result of Mr Smith's behaviour in relation to the disclosures he made on 14 and 28 April 2003 of relevant information relating to I Feel Good (Holdings) PLC ("IFG"). |
| November 2004 | Evolution Beeson Gregory [PDF] | Penalties were imposed for market abuse as a result of short selling by EBG and Mr Potts, during the period from 25 September 2003 to 21 October 2003 , of the shares of Room Service Group plc |
| July 2004 | Michael Davies [PDF] | A financial penalty of £1,000 as a result of the behaviour in relation to his dealing in the shares of Berkeley Morgan Group plc (“BMG”) ahead of the announcement of its Chairman's statement for the consolidated unaudited results for BMG for the six months ended 31 October 2003 |
| August 2004 | Shell/Royal Dutch [PDF] | A financial penalty of £17million for market abuse by Shell as a result of announcements or statements made and for breaches of the FSA's listing rules. |
| July 2004 | Peter Bracken [PDF] | A financial penalty of £15,000 ("the penalty") in relation to the shares of Whitehead Mann Group Plc. |
| February 2004 | Robert Middlemiss [PDF] | A financial penalty of £15,000 in relation to the sale, on 26 April 2002 , of 70,000 ordinary shares in Profile Media Group plc. |
| December 2003 | Hoodless Brennan [PDF] | A financial penalty of £150,000 in respect of breaches of the rules of the Securities and Futures Authority (“the SFA”) and the FSA’s rules in relation to a placing of shares in PrimeEnt Plc. |
| April 2003 | ABN Amro [PDF] | A financial penalty of £900,000 for breaches of former Principle 3 and Principle 9 of the FSA's Statements of Principles as applied in 1998 ("the former FSA Principles"). |