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Violation Tracker UK Individual Case

Company: Credit Suisse International
Current Parent CompanyUBS
Parent at the Time of the Penalty Announcement: Credit Suisse
Recap of Ownership Changes: UBS took over Credit Suisse in 2023
Penalty: £2,398,100
Year: 2014
Date: 16 June, 2014
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Credit Suisse paid a £2.4 million fine in settlement of a finding by the FCA that the company mis-sold an investment product with a lack of clarity in its returns and risks to unsophisticated investors.
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: banking & securities
Source of Data(click here)