FSA bans former Pacific Continental broker

Jay Alan Rutland, who is currently listed as inactive, was a senior broker at the firm, which in January 2009 was itself hit with a final notice in connection with advising on and arranging the sale of certain higher risk securities to customers between 2005 and 2007. Its collapse in 2009 contributed to a £58m interim levy on investment advisers. Today's final notice detailed how Rutland circulated to brokers a sales script that contained inside information, which was not public and was price sensitive, about Provexis Plc, an AIM-traded company. He was also responsible for drafting...