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Showing 31 to 40 of 70 search results for market abuse in relation.

  1. The Financial Conduct Authority (FCA) bans Kweku Mawuli Adoboli from the financial services industry

    Press Releases Published: 16/10/2015 Last modified: 16/10/2015
    Following convictions on 20 November 2012 of two counts of fraud by abuse of position, the Financial Conduct Authority (FCA) has banned Kweku Mawuli Adoboli from performing any function in relation to any regulated financial activity. Mr Adoboli abused his position as a senior trader of UBS AG causing UBS AG losses amounting to $2.25bn. Mr...
  2. FCA secures High Court Judgment awarding injunction and over £7 million in penalties against five defendants for market abuse

    Press Releases Published: 12/08/2015 Last modified: 17/08/2015
    The High Court today held that the Financial Conduct Authority (FCA) is entitled to permanent injunctions and penalties totalling £7,570,000 against Da Vinci Invest Ltd, Mineworld Ltd, Mr Szabolcs Banya, Mr Gyorgy Szabolcs Brad and Mr Tamas Pornye for committing market abuse.  The defendants were found to have committed market abuse in relation...
  3. Investor engagement in a changing regulatory landscape

    Speeches Published: 13/07/2015 Last modified: 14/07/2015
    Persons who do not follow these steps are not necessarily committing market abuse, although they are open to allegations of having done so. ... In that case Mr Hannam was found to be guilty of committing market abuse by disclosing inside information
  4. Three charged with insider dealing

    Press Releases Published: 29/04/2015 Last modified: 30/11/2016
    As part of an investigation by the Financial Conduct Authority Manjeet Singh Mohal (DOB: 03/04/1957), Reshim Birk (DOB: 18/11/1961) and Surinder Pal Singh Sappal (DOB: 19/08/1963) all of Southall, Middlesex appeared before Westminster Magistrates’ court in respect of offences of insider dealing, contrary to Sections 52(1) and 52(2)(b) of the...
  5. Ryan Willmott sentenced to 10 months imprisonment for insider dealing

    Press Releases Published: 27/03/2015 Last modified: 30/11/2016
    Ryan Willmott, the former group reporting and financial planning manager for Logica PLC, who pleaded guilty to three counts of insider dealing on 26 February 2015, has today been sentenced to 10 months imprisonment. He was also ordered to pay £6,122 towards prosecution costs and a Confiscation Order in the sum of £23,239.75. Willmott admitted...
  6. FCA publishes its Business Plan for 2015/16 and announces details of new supervision and authorisation divisions

    Press Releases Published: 24/03/2015 Last modified: 14/09/2015
    The Financial Conduct Authority has set out the key areas of work it will undertake in the forthcoming financial year with the publication of its Business Plan for 2015/16. It also confirmed the creation of two new Divisions that would be responsible for the FCA’s supervisory and authorisations work. Commenting on the Business Plan, Martin...
  7. Former senior trader sentenced for insider dealing

    Press Releases Published: 19/03/2015 Last modified: 30/11/2016
    In a case brought by the Financial Conduct Authority (FCA), Julian Rifat – a former senior execution trader and portfolio strategist at Moore Europe Capital Management LLC – has today been sentenced at Southwark Crown Court to 19 months imprisonment; Mr Rifat has also been fined £100,000 for the same offences and ordered to pay costs of...
  8. Tribunal partly upholds the Financial Conduct Authority’s decision to fine Tariq Carrimjee for assisting a client to commit market abuse

    Press Releases Published: 06/03/2015 Last modified: 06/03/2015
    The Upper Tribunal (Tribunal) has released its decision in relation to Tariq Carrimjee of Somerset Asset Management LLP (Somerset).  The Tribunal upheld the FCA’s decision to impose a penalty of £89,004 and found that Carrimjee’s failings were serious and that a significant financial penalty was appropriate. The Tribunal’s decision was...
  9. Former Group Treasurer and Head of Tax at Morrisons plc sentenced to 12 months imprisonment for insider dealing

    Press Releases Published: 03/03/2015 Last modified: 30/11/2016
    Paul Coyle, the former Group Treasurer and Head of Tax at Wm Morrison Supermarkets plc, pleaded guilty to two counts of insider dealing and has been sentenced to 12 months imprisonment. He was also ordered to pay £15,000 towards prosecution costs and a Confiscation Order in the sum of £203,234. In a case brought by the Financial Conduct
  10. Former Logica PLC Manager pleads guilty to insider dealing

    Press Releases Published: 26/02/2015 Last modified: 30/11/2016
    In a case brought by the Financial Conduct Authority (FCA) Ryan Willmott, formerly Group Reporting and Financial Planning Manager for Logica PLC, has today pleaded guilty to three instances of insider dealing. Profits from the related dealing exceeded £30,000.  He will be sentenced on 26 of March. Willmott admitted dealing on the basis of inside...