On January 27, 2012 Financial Services Authority (FSA) published that authority has fined Alexander Ten-Holter, trader and former compliance officer at Greenlight Capital (UK) LLP £130,000 for failing to question and make reasonable enquiries before selling Greenlight’s shareholding in Punch Taverns plc ahead of an anticipated significant equity fundraising by Punch in June 2009, and prohibited him from performing Compliance Oversight and Money Laundering reporting functions. The FSA has also fined Caspar Agnew, a trading desk director at JP Morgan Cazenove, £65,000 for failing to identify and act on a suspicious order from Greenlight to sell Punch shares that allowed the firm to be used to facilitate insider dealing or market abuse.

The original article can be found at Financial Services Authority .