Tuesday, 16 February 2010

FSA fine executives £1.16m for market abuse


This is the largest fine by the FSA against an individual for market abuse:

"The Financial Services Authority (FSA) has fined Mehmet Sepil, the chief executive officer of Genel Enerji, a Turkish oil exploration company, £967,005 for dealing in the shares of UK listed Heritage Oil Plc (Heritage) on the basis of inside information..."


Click
here to read more.

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