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BRIEF-UK's FCA gets high court injunction against 5 defendants for market abuse
August 12, 2015 / 1:04 PM / 2 years ago

BRIEF-UK's FCA gets high court injunction against 5 defendants for market abuse

Aug 12 (Reuters) - Financial Conduct Authority:

* Secures high court judgment awarding injunction and over £7 million in penalties against five defendants for market abuse

* Hearing is to be fixed to determine various consequential issues including terms of final injunction

* Secured a number of other enforcement actions against firms and individuals for layering including cases against swift trade

* High court held fca is entitled to permanent injunctions, penalties against da vinci invest ltd, mineworld ltd, szabolcs banya, gyorgy szabolcs brad, tamas pornye for committing market abuse (Bengaluru Newsroom: +91 80 6749 1136)

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