Fines table - 2010
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. |

