Fine End To The Year

As mentioned in the article concerning Combined Insurance Company of America, the latter’s Final Notice was the last published in 2011 and brought the total of financial penalties incurred by miscreant firms to £66,144,839.

2010 remains the record year where the total was £89,121,281.50 (if you’re wondering, the 50p is down to the penalty of £66,062.50 imposed on Andre Scerri for market abuse), although this figure included several large penalties including Goldman Sachs (£17.5M); and J P Morgan (£33.32M).

The link will take you to the FSA’s database of fines.