FSA decides to ban and fine hedge fund CEO Alberto Micalizzi £3 million – Financial Services Authority
“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.”
Financial Services Authority, 29th May 2012
Source: www.fsa.gov.uk