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 […]

If you work for a company which has securities listed on any securities exchange within the EU, or a corporate advisor or other service provider YOU may come into contact with inside information from time to time – DO YOU KNOW WHAT TO DO? Following the implementation of the Market Abuse Regulation (MAR) which came […]

Included in this round up: Two jailed for a total of 9 years in £5 Million money laundering case London’s money-laundering ‘enablers’ face crackdown New crime unit to investigate corruption affecting developing countries Iraqi prime minister unveils anti-corruption measures FCA secures High Court Judgement awarding injunction and significant penalties against five defendants for market abuse […]

The Office of Gas and Electricity Markets (Ofgem) has launched a consultation on its proposed prosecution policy statement. The consultation relates to, among other things, Ofgem’s powers under REMIT to bring criminal prosecutions relating to market abuse. Comments should be submitted by 25 September 2015.

The FCA has published a one minute guide on the Market Abuse Regulation (MAR). The guide is accompanied by a MAR overview briefing webinar. http://bit.ly/1zJVE55 http://bit.ly/1LgZAyv

Kinetic Partners, the global professional services firm, has today released research showing that in 2013*, market abuse was a key priority for FCA enforcement. In 2013*, the FCA fined firms and individuals a total of £346,373,924 for market abuse related breaches. Kinetic Partners’ research also found that market abuse was the second most cited offense among […]

1.  It was not part of the authority’s case that banker deliberately set out to commit market abuse, tribunal says. 2.  The Upper Tribunal has upheld a Financial Conduct Authority decision, finding that the former chairman of capital markets at JP Morgan Cazenove engaged in two instances of market abuse. 3.  Ian Hannam was appealing […]

The Financial Conduct Authority has fined a compliance officer and a broker a total of around £116,000 for allowing market abuse to take place. The fines relate to a market abuse case dating back to October 2010, which saw the FSA impose its largest ever individual fine of £6m against private investor Rameshkumar Goenka. Stockbroker […]