FCA announces details of market abuse Warning Notice issued to individual The FCA has (on 13 January) released details of a Warning Notice issued to an unnamed individual, stated to have been a bond trader employed by a bank.

The notice sets out the FCA’s findings that the individual engaged in market abuse contrary to section 118(5) of the Financial Services and Markets Act 2000 (manipulating transactions) on 12 instances in July and August 2014 by entering “best bid” or “best offer” quotes for government bonds on an inter-dealer trading platform.

The enforcement proceedings against the individual are ongoing.  http://bit.ly/2j1lyxa