FCA fines former J.P. Morgan banker £450,000 for market abuse

According to the regulator's Final Notice, Ian Hannam engaged in two instances of market abuse, evident from two emails sent in September and October 2008. At the time, Hannam was J.P. Morgan's global co-head of UK capital markets, and remains an approved person.  In 2008, Hannam was acting as lead corporate adviser to the oil firm Heritage. However, he also had contacts with other interests in Kurdistan, a region where the firm was exploring for oil. In the emails, he disclosed to contacts there was a "potential acquirer" of Heritage, and that the firm had recently discovered oil. Th...