Compliance Monitor
Three bond traders appeal against FCA market abuse bans and fines
The FCA is proposing to ban and fine three traders from Mizuho International plc for market abuse carried out over two months through transactions involving Italian government bond futures.
By Neasa MacErlean
The three dispute the decisions and have appealed to the Upper Tribunal. If the court upholds the proposed actions then all
three will be banned from performing any functions in relation to regulated activity;
Diego Urra will face a £395,000 fine; and both
Jorge Lopez Gonzalez and
Poojan Sheth will receive £100,000 fines.