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Release Date: 23rd February 2016

To access the original FCA document, click here.


W H Ireland Limited (WHI) was fined £1,200,000 by the Financial Conduct Authority (FCA) and restricted from taking on new clients in its Corporate Broking Division for 72 days. This penalty, announced on 22 February 2016, was due to WHI’s failure to establish and maintain adequate systems and controls to prevent market abuse, violating Principle 3 of the FCA’s Principles for Businesses.

Reasons for the Fine:

Key Takeaways for Other Firms:


The FCA’s action against WHI underscores the critical importance of maintaining robust systems and controls to prevent market abuse. Firms must ensure their compliance frameworks are comprehensive and effectively managed to avoid significant penalties and restrictions.

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