A little known fact is that the FSA took more actions against individuals over the 2012/13 year than they did against firms. They took action against 55 individuals, which included over £5m in fines, 43 prohibitions, and 13 criminal convictions. In comparison, they took action against 38 firms (fining them £418m). http://www.fca.org.uk/static/documents/enforcement-credible-deterrence-speech.pdf  

The Guernsey Financial Services Commission (the Commission) is increasing its capacity to undertake professional and efficient enforcement action[1]. The appointment of Simon Gaudion to the newly created post of Director of Enforcement, and the establishment of a dedicated Enforcement Division, will further enhance the Commission’s ability to undertake proportionate and efficient enforcement action. “The Commission […]