AIM company avoids market abuse fine with compensation scheme

By Neasa MacErlean

The FCA has issued a public censure for market abuse to an AIM-listed company, rather than a fine, after taking into account an £11.4 million compensation scheme that it set up. The situation was also complicated by the fact that Redcentric plc, an IT provider to the NHS, was delivering “vitally needed services in the fight against coronavirus”. The FCA has begun criminal proceedings again three former employees.