Violation Tracker UK Individual Case

Company: Sesame Limited
Current Parent Company: Aviva PLC
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)