2017 fines

This table contains information about fines published during the calendar year ending 2017. The total amount of fines so far is £190,837,413.

Firm or individual fined Date Amount Reasoning
Rio Tinto Plc 17/10/2017 £27,385,400 For breaches of the DTRs for failing to comply with the International Accounting Standards and report an impairment to the Market. We imposed a penalty of £27,385,400.
Mrs Colette Chiesa  12/10/2017 £50,000 For breaches of APER 4 and FIT related to a lack of fitness/propriety and failing to be open and co-operative in the investment adviser sector. We imposed a prohibition, withdrawal and fine.
Clive John Rosier 05/10/2017 £10,000 For breaches of APER 2 and APER 7 related to unfair treatment of customers, Complaints-handling and lack of fitness/propriety in the investment adviser and sector. We imposed a fine, withdrawal and prohibition.
Charles Palmer 19/09/2017 £86,691 For breaches of APER 6 and FIT related to appointed representatives/ networks, culture/governance, lack of fitness/propriety and unfair treatment of customers in the Investment Adviser sector.
David Samuel Watters 14/07/2017 £75,000 For breaches of APER 6 related to a lack of fitness/propriety in the pensions sector.
Lukhvir Thind 07/04/2017 £105,000 For breaches of s.118(7) Financial Services and Markets Act 2000 and FIT related to market abuse, a lack of fitness/propriety and client money/assets in the trading firm sector.
Niall O’Kelly 07/04/2017 £11,900 For breaches of s.118(7) Financial Services and Markets Act 2000 and FIT related to market abuse, a lack of fitness/propriety and client money/assets in the trading firm sector.
Christopher Niehaus 30/3/2017 £37,198 For breaches of APER 2 related to wholesale conduct in investment banking sector.
Deutsche Bank AG 31/1/2017 £163,076,224 For breaches of PRIN 3 and SYSC related to culture/governance and financial crime in the investment bank sector.