FCA fines bond trader for market abuse

Reason:
Abuse
Content of Penalty:

The Financial Conduct Authority (FCA) has imposed on Paul Walter, a former Bank of America Merrill Lynch International Limited (BAML) bond trader, a financial penalty of £60,090 for engaging in market abuse.

Following an investigation, the FCA found that Mr. Walter, an experienced trader, engaged in market abuse by creating a false and misleading impression as to supply and demand in the market for Dutch State Loans (DSL) on 12 occasions in July and August 2014.

 

Date: 22/11/2017
Amount: 60,000
Link: https://www.fca.org.uk/news/press-releases/fca-fines-bond-trader-60k-market-abuse

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