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Violation Tracker UK Individual Case

Company: Nestor Healthcare Group Limited
Penalty: £175,000
Year: 2013
Date: 14 February, 2013
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Nestor Healthcare paid a £175,000 fine in settlement of a finding by the FSA that the company had inadequate systems and controls to monitor share-dealing by its senior executives in its own shares, the disclosure and transparency rules being required to avoid suspicion of abusing inside information. There was no suggestion that the executives involved had traded on the basis of insider information or deliberately breached rules.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
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