FinesFSMA
Demetrios Christos Hadjigeorgiou
Individual17 August 2026Fine · £56,400
01 · In plain English
What happened.
The FCA fined and banned Demetrios Christos Hadjigeorgiou after finding breaches of APER 6 (Statement of Principle 6: to exercise due skill, care and diligence) and FIT (fitness and propriety requirements) while he was CEO of SVS Securities Plc. The regulator found he allowed customers’ pension money to be put into high‑risk products and failed to challenge a 10% reduction applied to customers’ bond sales, a decision that generated £359,800 for SVS and caused some customers to lose part of their pension savings. He was fined £56,400, given a prohibition order and settled with the FCA by withdrawing his referral to the Upper Tribunal.
Summary generated from the FCA notice and press reports. Check the final notice below before relying on it.
02 · Enforcement details
What the FCA published.
On 17 August 2026, the Financial Conduct Authority fined Demetrios Christos Hadjigeorgiou £56,400. This Final Notice refers to breaches of APER 6 and FIT related to a failure to exercise due care, skill and diligence in the pensions sector. We imposed a financial penalty and prohibition order. Source: the FCA's published list of 2026 fines. Notice:
03 · Press coverage
How it was reported.
- FCA fines and bans former SVS Securities CEOFinancial Conduct Authority · 18 Aug 2026
- 2026 fines - Financial Conduct AuthorityFinancial Conduct Authority · 7 Jan 2026
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