Former manager of the Newton Investment Management UK Equity fund Paul Stephany has been fined £32,000 by the Financial Conduct Authority (FCA) for misconduct during a 2015 initial public offering (IPO).
The FCA found that prior to submitting orders as part of a book build for shares that were to be quoted on public exchanges Stephany contacted other fund managers at competitor firms and attempted to influence...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till