FCA censures individual for market abuse

FCA has publicly censured the former CEO of Worldspreads and banned him from any roles linked to regulated activity, as as result of market abuse.  It originally fined Conor Foley around £650,000 but imposed a public censure instead once Mr Foley provided evidence of financial hardship. FCA says Mr Foley mislead investors in the group and manipulated the market for its shares in a “concerted and deliberate scheme”.  FCA had already fined and banned the CFO and Financial Controller.