RegActions records a disclosed FCA monetary penalty of £9,100,000 dated 16 Dec 2021 for Warning Notice Statement 21/5.
Case facts
| Firm or individual | Warning Notice Statement 21/5 |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 16 Dec 2021 |
| Penalty | £9,100,000 |
| RegActions breach classification | FCA enforcement action |
| Public case ID | 3674bf2f-6684-46a9-96d5-c0adc872a2ae |
Case summary
FCA publishes warning notice statements for GAM International Management and Timothy Haywood Last updated: 16/12/2021 The Financial Conduct Authority (FCA) has fined GAM International Management Limited £9.1m and Timothy Haywood £230,037 for conflicts of interest and gifts & entertainment matters. Both the Firm and Mr Haywood agreed to resolve all issue of fact and liability and so they qualified for a 30% discount.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.