On June 24, 2011 Financial Services Authority (FSA) published that the authority as directed by the Upper Tribunal (Tax and Chancery Chamber) in its decision of 3 June 2011, and pursuant to Section 206 of the Financial Services and Markets Act 2000 (the “Act”), the FSA hereby imposes on the Fox Hayes partnership comprising Mr John Robert Manning, Mr Stephen Maurice Coupland, Mr Ian David Coupland, Mr Philip Leigh Drazen, Mr Malcolm Richard Jones, Mr RichardGeraint Jones, Mr Colin Peter Frazer and Mr Ian Brill a financial penalty of £68,215.50; and imposes on the Fox Hayes partnership comprising the partners named above with the exception of Mr Brill a financial penalty of £386,554.50.

The original article can be found at Financial Services Authority.