2019 fines

This table contains information about fines published during the calendar year ending 2019. The total amount of fines so far is £79,272,987.

Firm or individual fined Date Amount Reasoning
Paul Stephany 05/02/2019 £32,200 This Final Notice (Paul Stephany) refers to breaches by an individual of Statement of Principle 2 and 3 relating to failing to observe proper standards of market conduct and failing to act with due skill, care and diligence in the asset management sector. The FCA imposed a fine.
Stewart Owen Ford 16/01/2019 £76,000,000

This final notice (Stewart Owen Ford) refers to breaches by an executive director of APER 1, APER 4 and FIT related to mis-selling, failing to be open and co-operative, a lack of fitness/propriety, conflicts of interest, and failing to act on information appropriately in the asset management sector. We imposed a fine and prohibition.

Mark John Owen 16/01/2019 £3,240,787 This final notice (Mark John Owen) refers to breaches by an executive director of APER 1, APER 4 and FIT related to a lack of fitness/propriety and failing to act on information appropriately in the asset management sector. We imposed a fine and prohibition.