The Upper Tribunal (Tax and Chancery Chamber) has published its latest appeal decision in relation to a decision by the Financial Conduct Authority to fine a non-executive director of an authorised firm £154,800 and ban her from performing any role in regulated financial services, due to her failure to disclose a conflict of interest. The […]

 Mark Stevenson, a bond trader, has been banned and fined £662,700 (after a 30 per cent discount) for engaging in market manipulation. On 11 October 2011, on the first day of the second round of quantitative easing in the UK, Mr Stevenson, formerly employed by Credit Suisse, bought £331 million of a UK Government gilt. […]

The Financial Conduct Authority has banned and fined a financial adviser £10,000 over his failure to collect and record the necessary information about clients who were advised to invest in high risk products such as unregulated collective investment schemes. In a decision notice, published today (4 November), the FCA fined financial adviser Clive Rosier, the […]

The Hong Kong Securities and Futures Commission (SFC) has announced that Mr Mok Kin Hung, a former employee of Dah Sing Bank, Limited, has been banned from re-entering the industry for life. Mr Mok was previously a relevant individual engaged by Dah Sing Bank to carry out the regulated activities of dealing in securities and […]

In the case of Andrew Jeffery v FCA, the Upper Tribunal upheld the FSA’s decision to ban Mr Jeffery from carrying out any function in relation to any regulated activity and to impose a financial penalty of £150,000 for breaches of Statements of Principle 1 and 4 of the FSA’s Statements of Principle and Code […]