Court upholds FSA's £8M fine against Swift Trade

01/29/2013 | Financial Times (tiered subscription model) · Reuters

The U.K. Financial Services Authority fined Swift Trade £8 million for layering and market manipulation. An appeals tribunal has ruled that the FSA had jurisdiction because even though Swift Trade is in Canada, it placed orders through U.K. branches of several banks.

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Financial Times (tiered subscription model) · Reuters

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