February 05, 2019 BY Valentina Kirilova

Former fund manager at Newton Investment Management Ltd fined £32,200

UK financial regulator Financial Conduct Authority (FCA) has announced that it has fined Paul Stephany, a former fund manager at Newton Investment Management Limited, £32,200 for his conduct in relation to an Initial Public Offering (IPO) and a placing. Stephany risked undermining the integrity of the market and the book build by trying to use their collective…

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