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Violation Tracker UK Individual Case

Company: Towry Investment Management Limited
Penalty: £494,900
Year: 2011
Date: 14 September, 2011
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Towry Investment Management paid a £494,900 fine in settlement of a finding by the FSA that the company failed to maintain adequate records to distinguish client money accurately, risking loss to the client if the company became insolvent, and failed to deal with the FSA in an open and cooperative way.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
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