April 7, 2017 / 9:47 AM / in 4 months

BRIEF-UK's FCA says bans and fines two individuals for market abuse

1 Min Read

April 7 (Reuters) - UK's Financial Conduct Authority:

* Bans and fines two individuals for market abuse

* Banned, imposed financial penalties on two former employees of worldspreads ltd, which operated a spread betting business, collapsed in march 2012.

* Has fined WSL'S former chief financial officer, Niall o'Kelly, £11,900 and former financial controller, Lukhvir Thind, £105,000,

* Fines for engaging in market abuse and permanently banned them both from performing any function related to regulated activity (Bengaluru Newsroom: +91 80 6749 1136)

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