Abn Amro Equities fined for boosting share values

Staff at Abn Amro Equities have been wrapped over the knuckles by the FSA for trying to boost share values to a higher level on three separate occasions in 1998 and fined a total of £970,000. Two separate fines of £900,000 and £70,000 have been issued, but the smaller amount is presented directly to Michael Ackers, AAE's then head of the UK equity trading desk, after the FSA discovered several problems with compliance failings, market misconduct and breach of trading rules. Irregularities with trading were found in relation to four stocks - Carlton Communications plc, British Biot...