USA: FSA fine and ban hedge fund CEO and CFO
Posted by nileshkokane on 16 August, 2011
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This item was filled under [ Financial Regulators, USA ]
On August 15, 2011 Financial Services Authority (FSA) published that the Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority (FSA) to fine Michiel Weiger Visser £2 million and Oluwole Modupe Fagbulu £100,000 and ban them both from performing any role in regulated financial services for breaching Principle 1 of the FSA’s Statements of Principle for Approved Persons and for engaging in market abuse.
The original article can be found at Financial Services Authority .
