This page contains information about fines published during 2024. The total amount of fines so far is £35,311,740.
| Firm or individual fined | Date | Amount | Reason |
|---|---|---|---|
| Kulvir Virk | 19/06/2024 | £215,500 | This Final Notice refers to breaches of PRIN 1 and PRIN 6 related to a failure to act with integrity and a failure to exercise due care, skill and diligence in the pensions sector. We imposed a financial penalty and a prohibition order. |
| HSBC UK Bank plc, HSBC Bank plc, and Marks and Spencer Financial Services plc | 23/05/2024 | £6,280,100 | This Final Notice refers to breaches of Principles 3 and 6, CONC 7.2.1R, 7.3.4R, and 7.3.14R, and MCOB 13.3.2A. The breaches relate to the unfair treatment of customers in the retail banking, consumer credit and mortgage sectors. We imposed a penalty of £6,280,100. |
| Citigroup Global Markets Ltd | 17/05/2024 | £27,766,200 | This Final Notice refers to breaches of PRIN 2 and 3, and MAR 7A 3.2 related to wholesale conduct in the investment bank sector. We imposed a financial penalty of £27,766,200. |
| James William Edward Lewis | 22/04/2024 | £120,300 | This Final Notice refers to a failure to act with due care, skill and integrity. We imposed a financial penalty and a prohibition order. |
| Inspirational Financial Management Ltd (in administration) | 11/03/2024 | £897,840 | This Final Notice refers to breaches of Principles 3, 6 and 9 related to the provision of unsuitable defined benefit pension transfer advice in the pensions sector. We imposed a financial penalty. |
| Floris Jakobus Huisamen | 13/02/2024 | £31,800 | This Final Notice refers to breaches of CoBS related to financial promotions in the Issuer sector. We imposed a financial penalty. |
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