The Financial Conduct Authority, the British regulator, has fined Corrado Abbattista, formerly a portfolio manager, partner and Chief Investment Officer at Fenician Capital Management LLP, £100,000 for market abuse and prohibited him from performing any functions in relation to regulated activity. Following an investigation, the FCA found that Abbattista, an experienced trader, engaged in market abuse by creating a false and misleading impression as to the supply and demand for equities be...
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