Tribunal Upholds the FCA’s Market Manipulation Bans

Tribunal upholds R1m fine and 15-year debarment for unlicensed trading – Moonstone Information Refinery

The Financial Services Tribunal (FST) has dismissed a reconsideration application by Mareo-John Nel, who was fined and debarred for providing financial services without authorisation – after being sanctioned for the same contravention previously. In November last year, Moonstone reported that the FSCA imposed a R1-million fine on Nel and debarred him for 15 years. The Authority said Nel breached section 7(1)(a) of the Financial Advisory and Inte…

Tribunal upholds FCA market manipulation case

Trio of traders engaged in spoofing in government bond markets, regulator alleged The post Tribunal upholds FCA market manipulation case appeared first on Investment Executive.

Upper Tribunal upholds FCA ban on three individuals for market manipulation

The Upper Tribunal has upheld the FCA’s decision to ban Diego Urra, Jorge Lopez Gonzalez and Poojan Sheth from working in financial services.

Tribunal upholds the FCA’s market manipulation bans