FCA slaps 'reckless' former hedge fund CIO with ban and £100k fine

Corrado Abbattista of now-dissolved Fenician Capital Management

Mike Sheen
FCA slaps 'reckless' former hedge fund CIO with ban and £100k fine

The former CIO of London-based hedge fund Fenician Capital Management has been fined £100,000 and banned from regulated activity by the Financial Conduct Authority (FCA), following an investigation into market abuse.

Corrado Abbattista, who was a portfolio manager and partner at Fenician, created a false and misleading impression as to the supply and demand for equities between 20 January and 15 May 2017, the FCA said....

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Regulation

Advisers welcome FSCS levy bill cut to £213m

Advisers welcome FSCS levy bill cut to £213m

'We are not immune to the cost of living crisis'

clock 26 May 2022 • 3 min read
Karl Dines: "It is great to understand it, but we also need to apply it."

Karl Dines: Six key strategies for riding the Consumer Duty storm

Logical and practical methodology

Karl Dines
clock 25 May 2022 • 6 min read
The firm agreed to a cease-and-desist order and a censure

SEC fines BNY Mellon Investment Adviser $1.5m for greenwashing

ESG reviews not performed

Lauren Mason
clock 24 May 2022 • 1 min read