Our Crimes and Fines section provides up-to-the-minute information on sanctions levied by regulators across the globe for non-compliance with capital markets and regulatory mandates.
Crimes and Fines is managed by our knowledgeable research team, who regularly receive sanction information from the wider compliance community.
| Date | Regulator | Affected | Fines | Scenario | Source |
| 15.12.2011 | FSA | Rupinder Sidhu, a management consultant | found guilty of 22 counts of insider dealing | Sidhu placed spread bets in relation to those securities and made approximately £ 524,000 profit. | Click Here |
| 22.11.2011 | FSA | Dr Sandradee Joseph (Compliance Officer at Dynamic Decisions Capital Management) | £14000 | "for failing to act with due skill, care and diligence" | Click Here |
| 21.11.2011 | SEC | David Kugel (longtime Madoff Employee) | charged with creating fake trades | "for his role in creating fake trades to facilitate the massive Ponzi scheme" | Click Here |
| 17.11.2011 | FSA | John Folan | £195117 | "for insurance fraud" | Click Here |
| 16.11.2011 | SEC | Morgan Stanley Investment Management | charged for Im proper Fee Arrangement | "for violating securities laws in a fee arrangement" | Click Here |
| 15.11.2011 | FSA | McInroy & Wood Limited | £15050 | "for breaching the FSA’s client money rules" | Click Here |
| 10.11.2011 | SEC | Longtop Financial Technologies Limited | charged for deficient filings | "for failing to file current and accurate financial reports with the SEC" | Click Here |
| 10.11.2011 | SEC | UBS | $8 million | "for Faulty Recordkeeping Related to Short Sales" | Click Here |
| 10.11.2011 | SEC | Kevin James O’Rourke (Western Pacific Capital Management LLC) | charged with Fraud | "for failing to disclose a conflict of interest to clients and materially misrepresenting the liquidity of a hedge fund they managed" | Click Here |
| 09.11.2011 | FSA | Rameshkumar Goenka (Dubai based private investor) | US$ 9.6 million | "for manipulating the closing price of Reliance Industries securities on the London Stock Exchange" | Click Here |
| 08.11.2011 | FSA | Coutts & Company | £6.3m | "for failings in connection with the sale of the AIG Enhanced Variable Rate Fund" | Click Here |
| 26.10.2011 | SEC | Rajat K. Gupta | insider trading charges filed | "for Insider Trading" | Click Here |
| 01.09.2011 | FSA | Da Vinci Invest Ltd | court case open | "for a market abuse scenario called layering" | Click Here |
| 31.08.2011 | FSA | Swift Trade Inc | £8m | "for market abuse" | Click Here |
| 22.08.2011 | FSA | Tomas Wilmot, Kevin Wilmot and Christopher Wilmot | Tomas: 9 years imprisonment, Kevin and Christopher: 5 years imprisonment each | "for boiler room fraud" | Click Here |
| 16.08.2011 | FSA | Sir Ken Morrison | £2,10,000 | "for breaching the Disclosure and Transparency Rules (DTR)" | Click Here |
| 11.08.2011 | SEC | Toby G. Scammell | financial penalties due | "for insider dealing" | Click Here |
| 05.08.2011 | SEC | H. Clayton Peterson and son Drew Clayton Peterson | financial penalties due | "for insider dealing" | Click Here |
| 04.08.2011 | FSA | Thomas Ammann, Christina Weckwerth, Jessica Mang | financial penalties due | "for insider dealing" | Click Here |
| 04.08.2011 | SEC | Doug DeCinces, Joseph J. Donohue, Fred Scott Jackson, Roger A. Wittenbach | Doug: $2.5 million, Joseph: $113,355, Fred: $293,026, Roger: $422,366 | "for insider trading" | Click Here |
| 20.07.2011 | FSA | Paul Banfield and Anthony Moss | Paul fined £15,000 | "for recommending unsuitable investments" | Click Here |
| 12.07.2011 | FSA | Andrew Ruff and Richard Lindley (Alpha to Omega UK Ltd) | £28,000 and £14,000 respectively | "for widespread compliance failings" | Click Here |
| 11.07.2011 | SEC | Janney Montgomery Scott LLC | $850,000 | "for failing to Maintain and Enforce Policies to Prevent Misuse of Material, Nonpublic Information" | Click Here |
| 07.07.2011 | SEC | J.P. Morgan Securities LLC | $228 Million | "for Fraudulent Bidding Practices Involving Investment of Municipal Bond Proceeds" | Click Here |
| 22.06.2011 | SEC/FINRA | Morgan Keegan & Company and Morgan Asset Management | $200 million | "for fraud charges related to subprime mortgage-backed securities" | Click Here |
| 21.06.2011 | SEC | JP Morgan | $153.6 million | "for misleading investors in CDO" | Click Here |
| 14.06.2011 | FSA | Barnett Michael Alexander | £7,00,000 | "for market abuse" | Click Here |
| 14.06.2011 | FSA | David Roger Griffiths Mason | sentenced to 2 years in prison | "for boiler room fraud" | Click Here |
| 06.06.2011 | SEC | Eric Lipkin | financial penalties due | "for helping Bernard L. Madoff and his firm deceive and defraud investors and regulators about the massive Ponzi scheme" | Click Here |
| 26.05.2011 | EC | Donald L. Johnson | financial penalties due | "for insider trading" | Click Here |
| 25.05.2011 | FSA | Bank of Scotland | £3.5 million | "for the mishandling of complaints about retail investment products" | Click Here |
| 24.05.2011 | FSA | Samuel Kahn | £1,094,900 | "for market abuse" | Click Here |
| 13.05.2011 | SEC | Lloyd V. Barriger | financial penalties due | "for fraudulently offering and selling securities" | Click Here |
| 11.05.2011 | SEC | Angelo Cuomo, George Garcy | financial penalties due | "for securities fraud" | Click Here |
| 09.05.2011 | Leeds Crown Court | Anthony Nixon, Samantha Nixon, Mark Spencer and Karen Jackson | suspended sentences and community orders | "for mortgage frauds worth over £1m" | Click Here |
| 19.04.2011 | FSA | Joseph Chinedu Nwosu (Gemmini), Jageet Kaur, Alaba Adewale Adebajo (Whitehouse), Alistair Curren (B-Assured) | £450,000 and ban | "for knowingly using misleading and inaccurate information to secure mortgages" | Click Here |
| 18.04.2011 | FSA | Norwich and Peterborough Building Society (N&P) | £1.4 million | "for failing to give its customers suitable advice in relation to the sale of Keydata products" | Click Here |
| 14.04.2011 | FSA | Specialist Solutions plc | £35,000 | "for failing to give its customers suitable advice regarding investment in UCIS" | Click Here |
| 22.03.2011 | US District Court | Poteroba (UBS) | 22-month prison, $500,000 | "for insider trading" | Click Here |
| 17.03.2011 | SEC | Patrick Carroll, William "Tad" Carroll, David Mark Calcutt, David Stitt, James Carroll, Christopher Calcutt, John Monroe, Stephen Somers | financial penalties due | "for insider trading" | Click Here |
| 16.03.2011 | SEC | Teresa A. Kelly | financial penalties due | "for participating in a $1.5 billion securities fraud scheme" | Click Here |
| 16.03.2011 | SEC | Timothy S. Durham, James F. Cochran, Rick D. Snow | financial penalties due | "for orchestrating a $230 million fraudulent investment scheme" | Click Here |
| 15.03.2011 | SEC | Eugenio Verzili and Arturo Rodriguez (Juno Mother Earth Asset Management LLC) | financial penalties due | "for fraud" | Click Here |
| 15.03.2011 | FSA | ActivTrades Plc | £85,750 | "for failing to protect clients' assets adequately" | Click Here |
| 03.03.2011 | SEC | Steven T. Kobayashi | permanent ban + financial penalties due | "for defrauding Life Settlement Fund Investors" | Click Here |
| 03.03.2011 | U.S. Department of Justice | Jonathan Randall Curshen, Michael Simon Krome, Ronald Salazar Morales, Robert Lloyd Weidenbaum, Eric Ariav Weinbaum, Izhack Zigdon | financial penalties and sentencing due | "for defrauding investors in an alleged stock manipulation scheme" | Click Here |
| 02.03.2011 | SEC | Catherine L. Kissick (Colonial Bank) | financial penalties due | "for Role in Securities Fraud Scheme" | Click Here |
| 02.03.2011 | US Authorities | Vance Moore | jailed for 8 years | "for engaging in Ponzi scheme" | Click Here |
| 01.03.2011 | SEC | Lawrence R. Goldfarb | $14 million + 5 year ban | "for concealing investment proceeds from investors" | Click Here |
