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Release Date: 4th October 2022

To access the original FCA document, click here.


Mr Simon John Tyson has been fined £67,900 by the Financial Conduct Authority (FCA) and prohibited from performing any senior management or significant influence function in any regulated activity. This fine was reduced from £75,500 due to a 10% discount for early settlement. Tyson’s regulatory failings occurred while he held the roles of CF1 (Director), CF3 (Chief Executive), and CF11 (Money Laundering Reporting) at Sigma Broking Limited from 1 December 2014 to 12 August 2016.

Key Takeaways for Other Firms:

Summary of Findings:


Simon John Tyson’s significant failings in governance, risk management, and compliance oversight at Sigma Broking Limited resulted in substantial regulatory breaches. The FCA’s penalties underscore the importance of robust governance, thorough risk assessments, and effective compliance functions. Other firms should heed these key takeaways to prevent similar penalties and ensure the integrity of their operations and the financial system.

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