LONDON: Britain’s financial watchdog confirmed a £450,000 (US$768,000) fine on high-profile former JPMorgan banker Ian Hannam for market abuse after a long and complex court battle.
“It (the Tribunal judgment) should leave market participants in no doubt that casual and uncontrolled distribution of inside information is not acceptable in today’s markets,” said Tracey McDermott, the head of the watchdog’s enforcement division.
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