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This table contains information about who the FSA has fined during 2010.
Total amount of fines in 2010 - £4,881,062.

Amount Company or person fined Date What was the fine for? Compensation
£56,098 Bertie Hatcher 10/03/10 For market abuse and profiting from inside information, using it to buy and sell shares. The fine represents the full disgorgement of his share of the net profit from these trades.  
£49,000 Peter Sprung 24/2/10 For failing to take steps to ensure that Park Row and its advisers properly evidenced the suitability of sales and that sales were actually suitable, in particular in relation to pension advice.  
£49,000 Charles Palmer 03/03/10 For management failings which resulted in poor compliance monitoring on pension switching advice during a period of rapid expansion.  
£115,157 Dele MacAuley 02/03/10 For knowingly submitting nine fraudulent mortgage applications for himself, his wife, and his brother.
 
£700,000 RSM Tenon Financial Services Limited 25/2/10 For significant failings in its advice and sales processes relating to Lehman-backed structured products, and for having poor systems and controls to prevent unsuitable advice in its structured product and pension switching business.  
£101,500 Direct Sharedeal Limited 18/2/10 For its appointed representative, First Colonial Investments LLP, using misleading sales pitches which failed to set out the inherent risks of buying penny shares  
£967,005 Mehmet Sepil 16/2/10 For dealing in the shares of UK listed Heritage Oil Plc on the basis of insider information.  
£105,240 Murat Ozgul 16/2/10 For dealing in the shares of UK listed Heritage Oil Plc on the basis of insider information.  
£94,062 Levent Akca 16/2/10 For dealing in the shares of UK listed Heritage Oil Plc on the basis of insider information.  
£140,000 Simon Treacher 03/2/10 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 serious system and control failings that resulted in the production of misleading marketing material for its Pension Sterling Fund.  
£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.  

 

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