FCA fines Hargreave Hale and R&M over IPO conduct; Newton given immunity

Hargreave Hale seeking legal advice

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FCA fines Hargreave Hale and R&M over IPO misconduct scandal while Newton given immunity
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FCA fines Hargreave Hale and R&M over IPO misconduct scandal while Newton given immunity

The FCA has found Newton Investment Management, Hargreave Hale and River & Mercantile Asset Management guilty of breaking competition laws for their involvement in an information-sharing scandal.

The episode has already seen the regulator fine former Newton portfolio manager Paul Stephany earlier this month. The firms shared strategic information on a bilateral basis during one initial public...

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