Lamprell handed £2.4m FSA penalty

AOL Money Staff

An engineering firm has been hit with a £2.4 million fine for failings that kept investors in the dark about its deteriorating financial position.

The Financial Services Authority (FSA) said Lamprell was too slow to react to its trading issues because systems and controls were "seriously deficient" for a listed company of its size and complexity.%VIRTUAL-SkimlinksPromo%