The tribunal hearing brought forward by former JP Morgan Cazenove chairman of capital markets Ian Hannam, following his Financial Services Authority (FSA) fine and ruling last year, has begun today.
Hannam is appealing the former regulator's accusation that he committed market abuse and the £450,000 fine he received. The case, in which both he and the regulator will present their arguments, has begun today at the Royal Courts of Justice's Rolls Building. Hannam said in a statement published by the Wall Street Journal ahead of today's tribunal: "I do not believe that I broke the rules on inside information. On the contrary, I was acting in the proper course of my employment as a corporate financier, pursuing a transaction on behalf of my client, Heritage Oil & Gas. But that is ult...
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