01 · In plain English
What happened.
On 2 July 2025 the Financial Conduct Authority fined David Arden £100,950. The FCA’s Final Notice says Mr Arden was found to have been knowingly concerned in contravention of Listing Rule 1.3.3R. Listing Rule 1.3.3R requires issuers to take reasonable care that regulatory disclosures are accurate and not misleading.
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA published.
On 2 July 2025, the Financial Conduct Authority fined David Arden £100,950. This Final Notice refers to being knowingly concerned in contravention of Listing Rule 1.3.3R. We imposed a financial penalty. Source: the FCA's published list of 2025 fines.
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