RE: Likely fine amount (range)26 Nov 2019 15:00
Taking into the account the remedial activities they have done, VH gone and the fact that since the investigation the value of the company has been destroyed, don’t think its in the FCA’s remit to destroy companies, rather ensure governance improves and make sure it doesn’t happen again. Therefore if I had to guess (no I don’t have a crystal ball) I would say fine will be £20m max.