2017 fines

This table contains information about fines published during the calendar year ending 2017. The total amount of fines is £229,515,303. 

Firm or individual fined Date Amount Reasoning
Tejoori Limited 14/12/2017 £70,000 For breaches of the Market Abuse Regulation related to market abuse in the issuer sector. We imposed a fine.
Bluefin Insurance Services 6/12/2017 £4,023,800 For breaches of PRIN 3 and PRIN 7 related to conflicts of interest, culture/governance and unfair treatment of customers in the general insurance and protection sector. We imposed a fine.
Paul Axel Walter 22/11/2017 £60,090 For breaches of section 118 FSMA related to market abuse in the trading firm sector. We imposed a financial penalty.

Merrill Lynch International

23/10/2017 £34,524,000 For breaches of Article 9 of EMIR and PRIN 3 by failing to report 68.5 million derivative transactions.
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 for complaints-handling, failure to demonstrate that suitable advice was given and lack of fitness/propriety in the investment adviser 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.