Violation Tracker UK

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Violation Tracker UK Individual Case

Company: Invesco Asset Management Limited and Invesco Fund Managers Limited
Current Parent Company: Invesco
Parent at the Time of the Penalty Announcement: Invesco

Penalty: £18,643,000
Year: 2014
Date: 24 April, 2014
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Invesco paid an £18.6 million fine in settlement of a finding by the FCA that it exposed investors to greater levels of risk that it led them to expect, and failed to clearly inform investors of the associated risks of the use of derivatives.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: investment management
Source of Data: (click here)