On 3 July 2020, the FCA published a Decision Notice against Conor Foley, former WorldSpreads CEO, proposing to fine him £658,900 for market abuse and ban him from performing any roles linked to regulated activity. This decision highlights the FCA’s continued focus on market abuse cases involving market manipulation, and serves as a reminder that the FCA is determined to continue pursuing complex and difficult cases involving false and misleading statements.
Join a weekly discussion by Baker McKenzie regulatory and enforcement practitioners as we navigate this uncertain time and work together through the challenges ahead.
Join a weekly discussion by Baker McKenzie regulatory and enforcement practitioners as we navigate this uncertain time and work together through the challenges ahead.
Join a weekly discussion by Baker McKenzie regulatory and enforcement practitioners.
The UK’s financial regulators have imposed a ban and fine of over £150,000 on the former CEO of Scottish mutual insurer, SBMIA, for misconduct involving his liability to tax.