Basic Search  |  Summaries  |  Advanced SearchPenalty: £215,500
Year: 2024
Date: 24 June, 2024
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: The former CEO and majority shareholder of SVS was fined £215,500, after a finding by the FCA that the discretionary fund manager had systemic conflicts of interest in prioritising company income over the best interests of customers. The company had been ordered to cease regulated activities and entered administration, with customers unlikely to receive more than a fraction of their investment back.
Agency: Financial Conduct Authority
Source of Data: (click here)