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Violation Tracker UK Individual Case

Company: Sesame Limited
Current Parent CompanyAviva PLC
Parent at the Time of the Penalty Announcement: Friends Life Group
Recap of Ownership Changes: Resolution Limited changed its name to Friends Life Group in 2014 and was acquired by Aviva in 2015.
Penalty: £6,031,200
Year: 2013
Date: 5 June, 2013
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Sesame paid a £6 million fine in settlement of a finding by the FCA that the company mis-sold investment products by failing to give customers an accurate assessment of the risks associated with Keydata Products, and failing to spot the sale of unsuitable products by its appointed representatives.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: insurance
Source of Data(click here)