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Violation Tracker UK Individual Case

Company: Chase de Vere Independent Financial Advisers Limited
Current Parent CompanySwiss Life Group
Parent at the Time of the Penalty Announcement: Swiss Life Group
Penalty: £560,000
Year: 2014
Date: 5 November, 2014
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Chase de Vere paid a £560,000 fine in settlement of a finding by the FCA that the company sold customers Keydata life settlement products without fully researching and understanding the product, and without clearly disclosing distinctive features and risks of the investment.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: Switzerland
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: insurance
Source of Data(click here)