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Violation Tracker UK Individual Case
Company: H2O AM LLP
Penalty: £213,070,000
Year: 2024
Date: 7 August, 2024
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: H2O AM agreed to pay EUR250 million to investors who could no longer access investments in the Tennor Group, in settlement of a finding that H2O did not have adequate policies or procedures or exercise due skill and care in managing potential conflicts of interest, and also provided false and misleading statements and documentation to the regulator, such as fabricated records and minutes of meetings.
Settlement Type: Settlement with FCA
Agency: Financial Conduct Authority
Source of Data:
(click here)
Source Notes: Penalty listed in GBP at a 0.8523 Euro exchange rate.