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Violation Tracker UK Individual Case

Company: Aviva Investors Global Services Limited
Current Parent CompanyAviva PLC
Parent at the Time of the Penalty Announcement: Aviva PLC
Penalty: £17,607,000
Year: 2015
Date: 24 February, 2015
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Aviva Investors paid a £17.6 million fine in settlement of a finding by the FCA that the company failed to control conflicts of interest on certain trading desks, allowing favourable intraday price movements of trades to be assigned to particular funds at the end of the day, an abuse practice known as cherry picking.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: insurance
Source of Data(click here)