FCA slaps 'reckless' former hedge fund CIO with ban and £100k fine
Corrado Abbattista of now-dissolved Fenician Capital Management
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....
More on Regulation
FCA warns on UK crypto use increase despite gaps in understanding
2.3 million adults hold cryptoassets
More 'skin in the game'? interactive investor calls for US-style fund disclosure rules
Overhaul of transparency guidance urged
Steven Levin: Now is the time to scrap the 10% rule
Currently suspended
Back to Top
More news
Sustainable Festival: UN's Mulder says asset owners must take nature-based investment more seriously
Investment gap must be closed
Three receive CISI's Accredited Financial Planning Firm status
Adding to 67 firms
IHT receipts up 54% year-on-year in April and May
£5m in tax receipts
Lack of info and poor product choice key barriers to ESG - research
41% of advisers report rise in client ESG queries
