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This table contains information about who the FSA has fined during 2009.
Total amount of fines in 2009 - £8,113,189

Amount Company or person fined Date What was the fine for? Compensation
£20,020 Richard Holmes 02/07/09 For control failings in relation to an appointed representative firm  
£140,000 Nilesh Shroff 26/05/09 For deliberately disadvantaging his customers by 'pre-hedging' trades without their consent.  
£1,400,000 Morgan Stanley & Co International Plc 13/05/09 for systems and controls failings in relation to trader mis-marking which led the firm to make a $120 million negative adjustment in June 2008.  
£101,279 Mr Gabriel Aramide 11/05/09 For concealing a fraud conviction when applying to the FSA for approval as a director.  
£35,000 Mr Loic Albert Antoine Montserret 29/04/09 For deliberately mismarking his positions in an attempt to avoid losing his job over losses he was making on his trading book.  
£100,000 Abiola Agbalaya of Herald Finance Ltd 16/04/09 For his knowing involvement in the submission of false mortgage applications.  
£17,500 Peter Dean of UK Finance House Limited 08/04/09 Failing to prevent UK Finance House Limited from being used to perpetrate financial crime and for other serious regulatory failures  
£21,000 Aspray Limited 19/03/09 Failings in control of its appointed representatives, and for misleading its clients and the FSA.  
£145,530 Mr Darwin Lewis Clifton OBE and Byron Holdings Ltd 04/02/09 For dealing in the shares of Desire Petroleum plc on the basis of inside information.  
£17,500 Gillen Farrelly Independent Advisers Limited 30/01/09 For failing to ensure it provided suitable advice which exposed over 80 customers to the risk of being sold an unsuitable self-certified mortgage.  
£80,000 Mr Steven Griggs 28/01/09 For serious failings in Pacific Continental Securities UK Limited which led to customers buying high risk shares without suitable advice  
£95,000 Mr Charles Weston 28/01/09 For serious failings in Pacific Continental Securities UK Limited which led to customers buying high risk shares without suitable advice  
£28,000 Legacy Financial Planning Limited 26/01/09 For failing to adequately advise investors about the risks associated with certain transactions.  
£245,000 Entertainment Rights plc 23/01/09 For failing to disclose inside information to the market in a timely manner.  
£140,000 Wolfson Microelectronics plc 20/01/09 For failing to reveal price sensitive information to the market as soon as possible  
£101,106 Richard Kennedy 19/01/09 For submitting false mortgage applications.  
£176,254 Mr Erik Boyen 14/01/09 For dealing in Monterrico's shares on the basis of inside information.  
£5,250,000 Aon Limited 08/01/09 For failing to take reasonable care to establish and maintain effective systems and controls to counter the risks of bribery and corruption associated with making payments to overseas firms and individuals.  

 

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