On 26 October 2015, the FCA published the final notice it has issued to Magnus Peterson, a director at Weavering Macro Fixed Income Fund Ltd, prohibiting him from performing any function relating to any regulated activities following his conviction for fraud. http://www.fca.org.uk/static/documents/final-notices/magnus-peterson.pdf In January 2015, Mr Peterson was convicted of eight counts of fraud, forgery, […]

Following his conviction on eight counts of fraud, forgery, false accounting and fraudulent trading Ulf Magnus Peterson, the former head of Weavering Macro Income Fund Limited, has been sentenced to 13 years in prison. The fund subsequently collapsed in March 2009, leading to net losses for investors of approximately US$536 million. A hearing has been […]