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Violation Tracker UK Individual Case

Company: Credit Suisse (UK) Limited
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: £5,950,000
Year: 2011
Date: 25 October, 2011
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Credit Suisse paid a £5.95 million fine in settlement of a finding by the FSA that it failed to ensure that investment products sold to customers were suitable and matched the customers' attitudes to risk.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services 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)