FSA decides to ban and fine hedge fund CEO Alberto Micalizzi £3 million – Financial Services Authority

Posted May 29th, 2012 in disqualification, financial regulation, fines, press releases by tracey

“The Financial Services Authority (FSA) has today published a decision notice indicating that it has decided to fine Alberto Micalizzi £3 million and ban him from performing any role in regulated financial services for not being fit and proper. This is the FSA’s largest fine for an individual in a non market abuse case.”

Full press release

Financial Services Authority, 29th May 2012

Source: www.fsa.gov.uk