Outcomes - Financial Conduct Authority

Market Abuse outcomes

This page provides information about action we have taken against market abuse and other related conduct.

Click the headings to see the notices.

Date Final Notice Description
May 2016 Mark Samuel Taylor The FCA has fined Mark Taylor, a financial adviser, £36,285 and banned him for a period of at least two years for engaging in market abuse.
February 2016 W H Ireland Limited The FCA has fined W H Ireland Limited (WHI) £1,200,000 and imposed a restriction, restricting the firm from taking on new clients for 72 days. WHI breached PRIN 3 and SYSC related to market protection, culture/governance and conflicts of interest in wealth managemenent and private banking sector.  
March 2015 Kenneth George Carver The FCA fined Mr Kenneth George Carver £35,212. Mr Carver’s behaviour amounted to market abuse in breach of section 118(2) of the Act.  
July 2014 Ian Charles Hannam The FCA fined Ian Charles Hannam for engaging in market abuse.
March 2014 Mark Stevenson The FCA fined Mark Stevenson £662,700 and prohibited him from regulated activities for deliberately manipulating a UK government bond (gilt). Mr Stevenson had hoped to sell his holding of gilts to the Bank of England for an artificially high price during its quantitative easing operations on a particular day.
February 2014 David John Hobbs The FCA prohibited David John Hobbs from performing any function in relation to any regulated activities for committing market abuse and lying to the authority during the course of its investigation.
January 2014 Swift Trade Inc The FCA fined the company that formerly carried on business as Swift Trade Inc £8,000,000 for deliberately engaging in a form of market manipulation known as 'layering'.
November 2013 Rahul Shah The FCA issued a statement in relation to Mr Rahul Shah to the effect that he had encouraged another person to engage in behaviour that would have amounted to market abuse, if it had been engaged in by Mr Shah. But for Mr Shah's financial position he would have been fined £125,000. Mr Shah was prohibited from performing regulated activities.
July 2013

Michael Coscia

Appendix 1

Appendix 1a

Appendix 1b

The FCA fined Michael Coscia US $903,176 (approximately £597,993) for deliberately engaging in ‘layering’, a form of market manipulation. Mr Coscia used an algorithmic programme to engage in abusive High Frequency Trading in commodities futures on the ICE Futures Europe exchange.  
January 2013 Cheickh Tidiane Diallo The FSA issued a statement in relation to Mr Cheickh Diallo to the effect that he had engaged in market abuse.
January 2013 Patrick Sejean The FSA fined Patrick Sejean £650,000 and prohibited him from performing regulated activities for committing market abuse in conjunction with Stefan Chaligné.  Mr Sejean was working for Cantor Fitzgerald LP when he committed market abuse by willingly participating in Mr Chaligné’s scheme to manipulate the price of certain securities.
January 2013 Stefan Chaligne The FSA fined Stefan Chaligné and prohibited him from performing regulated activities for undertaking market manipulation in conjunction with Patrick Sejean.  The fine consisted of a disgorgement element of €362,950 and a separate penalty of £900,000.  Mr Chaligné was a hedge fund manager who engaged in ‘window-dressing the close’, deliberately manipulating the market in certain securities so as to increase their closing prices.
July 2012 David Thomas Davis The FSA fined David Davis £70,258 and prohibited him from performing specific regulated activities for failing to exercise due skill, care and diligence in his role for Paul E. Schweder Miller & Co.  At the relevant time Mr Davis was the Senior Partner of Schweder Miller, exercising a Compliance oversight function, and failed to make reasonable enquiries before authorising a series of orders to trade by Rameshkumar Goenka that raised a clear risk of market abuse.
July 2012 Jay Alan Rutland The FSA fined Jay Rutland £30,000 and prohibited him from performing regulated activities for committing market abuse.  At the relevant time Mr Rutland was a senior broker with Pacific Continental Securities (UK) Ltd who both improperly disclosed inside information and encouraged other brokers to disclose the same inside information when attempting to sell specific shares.
March 2012 Welcome Financial Services Limited The FSA censured Welcome Financial Services Ltd for engaging in market abuse, which involved publishing false and misleading information relating to its loan book in its Annual Report for 2007.  Welcome Financial Services was at the time the principal subsidiary of Cattles plc.
March 2012

James Joseph Corr

Peter Douglas Miller

Cattles Ltd

John Blake

The FSA has fined and banned Cattles' finance director James Corr £400,000 and Peter Miller, Welcome's finance director £200,000 for publishing misleading information to investors about the credit quality of Welcome's loan book and acting without integrity in discharging their responsibilities. The FSA has also decided to ban John Blake, Welcome's managing director, and fine him £100,000. Blake has referred his case to the Upper Tribunal. All three fines were reduced on account of the directors' current personal financial circumstances.
March 2012

Nicholas James Kyprios

The FSA has fined Nicholas Kyprios, Head of European Credit Sales at Credit Suisse in London, £210,000 for improper market conduct in disclosing client confidential information ahead of a significant bond issue in November 2009.
January 2012 Caspar Jonathan William Agnew The FSA fined Caspar Agnew, a trading desk director at JP Morgan Cazenove, £65,000 for failing to identify and act on a suspicious order from Greenlight to sell Punch shares that allowed the firm to be used to facilitate insider dealing or market abuse.
January 2012

David Einhorn

Greenlight Capital Inc

The FSA fined David Einhorn, owner of the prominent US hedge fund Greenlight Capital Inc (Greenlight), and his fund £7.2 million for engaging in market abuse in relation to an anticipated significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.
January 2012

Andrew Jon Osborne

The FSA has fined Andrew Osborne, former Managing Director in Corporate Broking at Merrill Lynch International (£350,000, for engaging in market abuse by improperly disclosing inside information ahead of a significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.
January 2012 Alexander Ten-Holter The Financial Services Authority (FSA) has fined Alexander Ten-Holter, trader and former compliance officer at Greenlight Capital (UK) LLP (Greenlight) £130,000 for failing to question and make reasonable enquiries before selling Greenlight's shareholding in Punch Taverns plc (Punch) ahead of an anticipated significant equity fundraising by Punch.
October 2011 Rameshkumar Satyanarayan Goenka Financial penalty of US$ 6,517,600 (approx £4 million) plus restitution of US$ 3,103,640 (approx £1.9 million) for engaging in market abuse.
September 2011 Jason Geddis The Upper Tribunal determined that Mr Geddis committed market abuse by securing the price of Lead contracts on the London Metal Exchange (LME) at an abnormal and artificial level, and directed the FSA to impose a public censure on Mr Geddis.
August 2011 Michiel Weiger Visser and Oluwole Modupe Fagbulu The Upper Tribunal has directed the Financial Services Authority to fine Michiel Weiger Visser £2 million and Oluwole Modupe Fagbulu £100,000 and ban them both from performing any role in regulated financial services for breaching Principle 1 of the FSA's Statements of Principle for Approved Persons and for engaging in market abuse.
August 2011 Graham Betton The Upper Tribunal directed that the FSA issue a financial penalty of £25,000 (reduced for financial hardship) on Graham Betton for Market Abuse in relation to his part in a share ramping scheme involving Fundamental-E shares on the AIM market.
June 2011 Barnett Michael Alexander The FSA has obtained a court permanent order preventing Barnett Michael Alexander from committing market abuse and ordering him to pay a £700,000 fine and £322,818 in restitution to firms which experienced a loss as a result of his actions.
May 2011 Samuel Nathan Kahn Samuel Khan is fined £1m for co-coordinating a scheme to deliberately inflate the share price of Global Brands Licensing. plc (GBL). The FSA secures first final High Court injunction to prevent market abuse.
February 2011 David Massey

Financial penalty of £150,000 for committing market abuse and prohibition order banning David Massey, corporate finance advisor from working in the financial services industry.

 

January 2011 Christopher Gower Financial Penalty of £50,000 for making misleading and inaccurate disclosures in relation to the shares of Enterprise Inns plc (ETI)
December 2010 William James Coppin A prohibition order and financial penalty of £70,000 for stockbroker William James Coppin for engaging in market abuse in relation to the shares Provexis plc.
December 2010 Perry John Bliss A prohibition order and financial penalty of £30,000 for stockbroker Perry John Bliss for market abuse in relation to Provexis plc shares.
October 2010 Andre Jean Scerri A financial penalty of £66,062.50 for Andre Scerri for engaging in market abuse in relation to the shares of Amerisur Resources Plc (then know as Chaco Resources plc).
July 2010 Jeremy Burley A financial penalty of £144,200 for Jeremy Burley for engaging in market abuse in relation to the shares of Tower Resources plc.
July 2010 Jeffrey Burley A financial penalty of £35,000 for Jeffrey Burley for engaging in market abuse in relaion to the shares of Tower Resources plc
July 2010 Henry Cameron A financial penalty of £350,000 for making misleading announcements to the market regarding payments from Sibir, a large energy company, to its major shareholder.
June 2010 Steven Noel Perkins A financial penalty of £72,000 for market abuse, and a prohibition order in relation to manipulating the market in Brent Crude Futures contracts.
June 2010 Anjam Saeed Ahmad Ex-hedge fund trader and risk manager with AKO Capital sentenced to 10 months imprisonment, suspended for two years, 300 hours of unpaid work in the community and fined £50,000 for insider dealing. http://www.fsa.gov.uk/pubs/final/ahmad.pdf
June 2010 Andrew Kerr A financial penalty of £100,000 for committing market abuse, and prohibition order banning Andrew Charles Kerr, a commodity broker from working in the financial services industry.
May 2010 Simon Eagle A prohibition order and financial penalty of £2,800,000 for market abuse for instigating and effecting a share ramping scheme in relation to Fundamental-E shares on the AIM market.
April 2010 Jason Robins A financial penalty of £50,000 for his part in share ramping scheme during his employment with Winterflood Securities Ltd.
April 2010 Stephen Sotiriou A financial penalty of £200,000 for his part in share ramping scheme during his employment with Winterflood Securities Ltd.
April 2010 Winterflood Securities Limited A financial penalty of £4 million for market abuse. The FSA found that Winterflood and its traders had played a pivotal role in an illegal share ramping scheme relating to Fundamental-E Investments Plc (FEI), an AIM listed company.
April 2010 Sameer Patel A financial penalty of £180,541 for market abuse, and prohibition order banning Sameer Patel from working in the financial services industry.
April 2010 Robin Chhabra A financial penalty of £95,000 for market abuse, and prohibition order banning Robin Chhabra from working in the financial services industry.
March 2010 Bertie Hatcher A financial penalty of £56,098 for Bertie Hatcher for market abuse.
January 2010 Mehmet Sepil A financial penalty of £967,005 for Mehmet Sepil, the cheif executive officer of Genel Enerji, a Turkish oil exploration company for dealing in the shares of UK listed Heritage Oil plc on the basis of inside information.
January 2010 Murat Ozgul A financial penalty of £105,240 for Murat Ozgul the chief commercial officer of Genel Enerji, a Turkish oil exploration company for dealing in the shares of UK listed Heritage Oil plc on the basis of inside information.
January 2010 Levant Akca A financial penalty of £94,062 for Levant Akca the exploration manager of Genel Enerji, a Turkish oil exploration company for dealing in the shares of UK listed Heritage Oil plc on the basis of inside information.

November 2009

Alexei Krilov-Harrison 

A financial penalty of £24,000 issued to former stockbroker for using inside information about an AIM-traded company to encourage his clients to buy its shares.

October 2009 Darren Morton A public censure for Darren Morton for committing market abuse in relation to a new issue of Barclays' bonds.
October 2009 Christopher Parry A public censure for Christopher Parry for committing market abuse in relation to a new issue of Barclays' bonds.
September 2009 Mark Lockwood A financial penalty of £20,000 for failing to act on a suspicious client order that allowed the firm to be used to facilitate insider dealing.
May 2009 Nilesh Shrof A financial penalty of £140,000 and prohibition from performing any regulated function on the grounds that Mr Nilesh Shroff is not fit and proper.
February 2009 Darwin Clifton OBE and Byron Holdings Ltd A financial penalty on Mr Darwin Lewis Clifton for £59,500 and Byron Holdings Ltd for £86,030 for dealing in the shares of Desire Petroleum plc on the basis of inside information.
January 2009 Erik Boyen A financial penalty of £176, 254 on Mr Erik Boyen for dealing in the shares of Monterrico Metals plc on the basis of inside information.
November 2008 Filip Boyen A financial penalty of £81,982.95 on Mr Filip Boyen for dealing in the shares of Monterrico Metals plc on the basis of inside information.
November 2008 Richard Ralph A financial penalty of £117,691.41 on Mr Richard Ralph, the former British ambassador to Peru and the former executive chairman of AIM-listed mining company, Monterrico Metals plc (Monterrico) for dealing in Monterrico's shares on the basis of inside information.
October 2008 Stewart McKegg A financial penalty of £14,411.25 (representing disgorgement of profit) for dealing on the basis of inside information. Were it not for Mr McKegg’s financial circumstances the fine would have been £34,411.25.
October 2008 Brian Valentine Taylor A financial penalty of £4,632.50 (representing disgorgement of profit) for dealing on the basis of inside information. Were it not for Mr Taylor’s financial circumstance the fine would have been £24,462.50.
September 2008 Steven Harrison

A financial penalty of £52,500 on Mr Steven Harrison for market abuse
July 2008 SP Bell Limited Public Statement for engaging in Market Abuse as a result of its part a share ramping scheme relating to the shares of Fundamental-E Investments.
July 2008 John Shevlin A financial penalty of £85,000 on Mr John Shevlin for market abuse
March 2007 Roberto Casoni A financial penalty on Mr Roberto Casoni of £52,500 for breaches of Principles 3 of the FSA's Statements of Principle for Approved Persons.
November 2006 Sean Pignatelli A financial penalty of £20,000 for breaches of Principles 2 and 3 of the FSA's Statements of Principle for Approved Persons.
October 2006 James Parker A financial penalty of £250,000 is imposed to Mr Parker pursuant to section 123 of the Financial Services and Markets Act 2000 ("the Act").
August 2006 GLG Partners and Philippe Jabre A financial penalty on Mr Jabre of £750,000 and a financial penalty on GLG of £750,000 because Mr Jabre had committed market abuse contrary to section 118 of FSMA and Mr Jabre had breached Principles 2 (Due Skill, Care & Diligence) and 3 (Market Conduct) of the FSA’s Statements of Principle for Approved Persons. GLG had committed market abuse contrary to section 118 of FSMA and had breached Principle 5 (Market Conduct) of the FSA’s Principles for Businesses.
April 2006 Deutsche Bank A financial penalty of £6,363,643 in respect of breaches of the FSA’s Principles for Business which arose from two transactions conducted by the London branch of Deutsche during March 2004.
April 2006 David Maslen A financial penalty of £350,000 for being knowingly concerned in the contravention by Deutsche of Principle 5 of the Principles.
December 2005 Jonathan Malins A financial penalty of £25,000 in relation to his purchases of ordinary shares in Cambrian Mining plc ahead of two announcements concerning Cambrian's Placing of shares and its Interim Results, made by the Company on 23 March 2005 and 31 March 2005 respectively.
June 2005 Citigroup A financial penalty in respect of a breach of Principles 2 and 3 of the FSA's Principles for Businesses in regard to a trading strategy on the European government bond markets. This consisted of two elements: a relinquishment of profits in the amount of £9,960,860 and an additional penalty of £4 million.
May 2005 Arif Mohammed A financial penalty of £10,000 as a result of trading at a time when, in possession of confidential information obtained in the course of employment.
February 2005 David Isaacs A financial penalty of £15,000 in respect of disclosures on the bulletin board website ADVFN of certain information obtained from Trafficmaster plc which was not generally available.
December 2004 Robert Hutchings A financial penalty of £18,000 in relation to Mr Hutchings for engaging in Market Abuse in the shares of I Feel Good (Holdings) PLC ("IFG").A financial penalty of £18,000 in relation to Mr Hutchings for engaging in Market Abuse in the shares of I Feel Good (Holdings) PLC ("IFG").
December 2004 Indigo Capital and Robert Bonnier Financial penalties on ICL of £65,000 and on Mr Bonnier of £290,000 imposed for market abuse arising out of twelve inaccurate disclosures in relation to dealings related to shares in Regus plc ("Regus") by ICL and/or Mr Bonnier.
December 2004 Jason Smith A financial penalty of £15,000 as a result of Mr Smith's behaviour in relation to the disclosures he made on 14 and 28 April 2003 of relevant information relating to I Feel Good (Holdings) PLC ("IFG").
November 2004 Evolution Beeson Gregory Penalties were imposed for market abuse as a result of short selling by EBG and Mr Potts, during the period from 25 September 2003 to 21 October 2003 , of the shares of Room Service Group plc
July 2004 Michael Davies A financial penalty of £1,000 as a result of the behaviour in relation to his dealing in the shares of Berkeley Morgan Group plc (“BMG”) ahead of the announcement of its Chairman's statement for the consolidated unaudited results for BMG for the six months ended 31 October 2003
August 2004 Shell/Royal Dutch A financial penalty of £17million for market abuse by Shell as a result of announcements or statements made and for breaches of the FSA's listing rules.
July 2004 Peter Bracken A financial penalty of £15,000 ("the penalty") in relation to the shares of Whitehead Mann Group Plc.
February 2004 Robert Middlemiss A financial penalty of £15,000 in relation to the sale, on 26 April 2002 , of 70,000 ordinary shares in Profile Media Group plc.
December 2003 Hoodless Brennan A financial penalty of £150,000 in respect of breaches of the rules of the Securities and Futures Authority (“the SFA”) and the FSA’s rules in relation to a placing of shares in PrimeEnt Plc.
April 2003 ABN Amro A financial penalty of £900,000 for breaches of former Principle 3 and Principle 9 of the FSA's Statements of Principles as applied in 1998 ("the former FSA Principles").

Date Press Release
13 May 2016 FCA fines Mark Taylor, a financial adviser, £36,285 and banned him for a period of at least two years for engaging in market abuse.
23 February 2016 FCA fines and restricts W H Ireland Limited for market abuse risks
12 August 2015 FCA secures High Court Judgment awarding injunction and over £7 million in penalties against five defendants for market abuse
30 March 2015 Kenneth Carver fined £35,212 for insider dealing
27 March 2015 Ryan Willmott sentenced to 10 months imprisonment for insider dealing
19 March 2015 Former senior trader sentenced for insider dealing
6 March 2015 Tribunal partly upholds the Financial Conduct Authority’s decision to fine Tariq Carrimjee for assisting a client to commit market abuse
3 March 2015 Former Group Treasurer and Head of Tax at Morrisons plc sentenced to 12 months imprisonment for insider dealing
26 February 2015 Former Logica PLC Manager pleads guilty to insider dealing
7 November 2014 Former Moore Capital trader pleads guilty to insider dealing
29 September 2014 FCA charges former Treasurer and Head of Tax at Wm Morrison with insider dealing
15 September 2014 Insider dealers ordered to pay £3.2m in confiscation
26 June 2014 Former equities trader charged with insider dealing
28 May 2014 Tribunal upholds decision of Financial Conduct Authority to find Ian Hannam guilty of market abuse
20 March 2014 FCA bans and fines trader £662,700 for manipulating gilt price during QE
19 December 2013 Statement regarding Swift Trade Court of Appeal Judgment
8 August 2013 FCA fines compliance officer and broker whose actions enabled market abuse to be committed in October 2010
22 July 2013 FCA fines US based oil trader US $903K for market manipulation
11 March 2013 Individual sentenced to four years for insider dealing
7 March 2013 Equities trader sentenced for insider dealing
28 January 2013 Tribunal upholds FSA decision to fine firm £8m for market abuse
13 December 2012 Investment banker sentenced for insider dealing
20 August 2012 Insider dealers ordered to pay £1.5m in confiscation
20 June 2012 Three sentenced for insider dealing
28 May 2012 Three guilty of insider dealing
3 April 2012 FSA decides to fine Ian Hannam Chairman of Capital Markets at J P Morgan Cazenove for market abuse
28 March 2012 FSA bans and fines directors a total of £600,000 for publishing misleading information about Cattles plc
13 March 2012 Head of European Credit Sales at Credit Suisse fined £210,000 for improper market conduct, disclosing client confidential information and exhibiting a lack of skill, care and diligence.
16 February 2012 Former corporate broker at Merrill Lynch fined £350,000 for disclosing inside information
27 January 2012 Former compliance officer at Greenlight Capital and JP Morgan Cazenove trader fined
25 January 2012 David Einhorn and Greenlight Capital Inc fined £7.2m for trading on inside information in Punch Taverns Plc.
January 2012 Caspar Jonathan William Agnew/ The FSA had decided to impose on Mr Agnew a financial penalty of £65,000 on the grounds that Mr Agnew has failed to exercise due skill, care and diligence in breach of Principle 2 of the FSA's Statement of Principle and Code of Practice for Approved Persons.
January 2012 Alexander Edward Ten-Holter/ FSA fined Alexander Ten-Holter, trader and former compliance officer at Greenlight Capital (UK) LLP (Greenlight) £130,000 for failing to question and make reasonable enquiries before selling Greenlight's shareholding in Punch Taverns plc (Punch) ahead of an anticipated significant equity fundraising by Punch in June 2009, and prohibited him from performing Compliance Oversight and Money Laundering reporting functions.
15 December 2011 Management consultant found guilty of insider dealing and sentenced to two years
09 November 2011 FSA fines Dubai based investor US$ 9.6 million for market abuse
31 August 2011 The Financial Services Authority (FSA) has decided to fine Swift Trade £8m for market abuse
15 August 2011 Tribunal upholds FSA decision to ban and fine hedge fund CEO and CFO £2.1m for deceiving investors and market abuse
04 August 2011 Investment banker and two associates charged with insider dealing
14 June 2011
FSA bans and fines self employed trader £700,000 for market abuse
24 May 2011 FSA fines individual £1m and secures first final High Court injunction to prevent market abuse
08 February 2011 FSA bans and fines corporate finance advisor £150,000 for market abuse
02 February 2011 Investment banker, his wife and family friend sentenced for insider dealing
13 January 2011 Former analyst fined £50,000 for disclosing misleading information
10 January 2011 Investment Banker, his wife and family friend plead guilty to insider dealing
14 December 2010 FSA fines and bans former stockbrokers for market abuse
06 December 2010 FSA bans Graham Betton for market abuse
01 December 2010 FSA, SEC and DoJ investigation leads to two people being charged by the SEC with insider dealing in the U.S.
26 November 2010 Senior manager found guilty of insider dealing and money laundering
25 November 2010 Five charged with insider dealing
02 November 2010 FSA insider dealing investigation: search warrants executed in the UK and Germany and two arrested
20 October 2010 FSA wins market abuse case in the Tribunal
10 September 2010 Man arrested in FSA insider dealing investigation
19 July 2010 FSA fines father and son for market abuse
06 July 2010 FSA fines former CEO of Sibir £350,000 for market abuse
29 June 2010 FSA fines and bans oil futures broker for market abuse
22 June 2010 Ex-hedge fund trader sentenced for insider dealing
03 June 2010 FSA v Andrew King and Michael McFall
02 June 2010 FSA fines and bans commodity broker for market abuse
20 May 2010 FSA fines Simon Eagle £2.8m and bans him from financial services for deliberate market abuse
19 May 2010 One arrested in FSA and CoLP insider dealing investigation
28 April 2010 Financial Services Authority charges ex-hedge fund trader
22 April 2010 FSA imposes fines of £4.25m on Winterflood and two traders for market abuse following success in Court of Appeal
16 April 2010 FSA fines and bans Patel and Chhabra for repeated market abuse
30 March 2010 FSA commences criminal proceedings against third individual for insider dealing
24 March 2010 Seventh individual arrested in FSA and SOCA insider dealing investigation
23 March 2010 Six arrested in FSA and SOCA insider dealing investigation
15 March 2010 Investment banker and wife charged with insider dealing - third suspect arrested in Mayotte
11 March 2010 Former Cazenove broker sentenced to 21 months in prison for insider dealing
10 March 2010 Former Cazenove partner found guilty of insider dealing
16 February 2010 Three Turkish oil company executives fined £1.16m for market abuse
29 January 2010 Three arrested in FSA insider dealing investigation
11 January 2010 Research analyst and spread better friend committed market abuse, says Tribunal
6 January 2010 FSA starts criminal proceedings against former iSOFT directors
10 December 2009 Corporate broker intern and his father receive 12 and 24 month prison sentences respectively for insider dealing
17 November 2009 FSA fines former stockbroker £24,000 for market abuse
4 November 2009 Former corporate broker intern and father found guilty of insider dealing
7 October 2009 Dresdner traders censured for abuse in debt market
2 September 2009 FSA fines broker for failing to prevent insider dealing
27 May 2009 Six arrested in FSA insider dealing investigation
26 May 2009 FSA bans and fines trader £140,000 for unauthorised 'pre-hedging'
2 April 2009 FSA wins market abuse case against Winterflood
31 March 2009 Two arrested in FSA insider dealing investigation
27 March 2009 Solicitor and his father-in-law found guilty in FSA insider dealing case
4 February 2009 FSA fines AIM company director for market abuse
14 January 2009 Belgian private investor fined £176,254 for market abuse
7 January 2009 Insider Dealing: Financial Services Authority prosecutes Mr Neil Rollins
19 December 2008 FSA fines two individuals for market abuse
13 November 2008 Former UK ambassador and Belgian businessman fined for market abuse
19 September 2008 Insider Dealing: Two charged at City of Westminster Magistrates Court
8 September 2008 Hedge Fund manager sanctioned by FSA for Market abuse
29 July 2008 Arrests made in major FSA insider dealing investigation
24 July 2008 Insider dealing: Financial Services Authority prosecutes Mr Malcolm Calvert
1 July 2008 FSA fines IT professional £85,000 for market abuse
19 March 2008 FSA warns on market abuse
22 January 2008 Insider Dealing: Two appear at City of London Magistrates' Court
20 March 2007 FSA fines analyst for market misconduct
23 November 2006 FSA fines salesman for inappropriate conduct
1 August 2006 FSA fines GLG Partners and Philippe Jabre £750,000 each for market abuse
11 April 2006 FSA fines Deutsche Bank £6.3million and Mr David Maslen £350,000 for market misconduct
21 December 2005 FSA fines finance director £25,000 for market abuse
11 November 2005 Former AIT directors ordered to compensate investors
7 October 2005 Former directors sentenced for criminal market abuse
18 August 2005 FSA secures convictions in first criminal market abuse case
28 June 2005 FSA fines Citigroup £13.9 million (€20.9mn) for Eurobond trades
6 April 2005 FSA fines auditor for market abuse
1 March 2005 FSA fines investor £15,000 for internet market abuse
21 December 2004 FSA fines Robert Bonnier 290,000 and Indigo Capital 65,000 for market abuse
16 December 2004 FSA fines former analyst and former director for market abuse
12 November 2004 FSA fines Evolution 500,000 and Mr Christopher Potts 75,000 for market abuse
24 August 2004 FSA fines Shell 17,000,000 for market abuse
2 August 2004 FSA fines individual for market abuse on OFEX
7 July 2004 FSA fines individual 15,000 for market abuse
23 April 2003 FSA fines ABN Amro Equities 900,000 for market misconduct