Compliance Monitor
News
Record market abuse fine for "enhancement job"
And the biggest-ever fine by the FSA for an individual goes to… Dubai-based private investor Rameshkumar Goenka, who was sanctioned
over £6 million for manipulating the closing price of Reliance Industries securities on the London Stock Exchange. The fine
was based on an approximately £4 million penalty and around £2 million went to reimburse the bank that overpaid Goenka as
a result of his market abuse.