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Compliance Monitor

Robert Bonnier pays £290,000 and Indigo Capital £65,000 for market abuse

Mr Bonnier, a managing partner of Indigo Capital LLC, traded in Regus’s shares and CFDs referenced to Regus’s shares with Cantor Fitzgerald Europe Limited (Cantors) under terms by which Cantors retained ownership and voting rights of shares purchased. In the period 18 November 2002 to 8 January 2003, Mr Bonnier made 12 inaccurate notifications to Regus, which said that Indigo had bought Regus’s shares: the notifications purportedly showed that Indigo’s position rose from 3.51% to finish at 12.8% on 8 January 2003, when they actually referred to CFD holdings and by which time its true holdings in the Regus’s shares had fallen to zero.

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