"Our bigger fines, record number of bans and successful criminal prosecutions this year reflect our tougher, more intensive enforcement approach, " said MargaretCole, FSA director of enforcement.
"Atlantic Law and Andrew Greystoke acted recklessly, without integrity and with a complete disregard of the risks to consumers, " said MargaretCole, FSA director of enforcement and financial crime.
The FSA's managing director of enforcement and financial crime, MargaretCole, said BarCap had committed a "serious breach", because the deposits would have been a risk if the firm had gone bust.