UK FSA fines Genel Enerji execs £1.16 million for market abuse

Three executives at Turkish oil company Genel Enerji have been fined a combined £1.16 million for market manipulation. The UK Financial Services Authority (FSA) says the senior managers used insider information to deal in the shares of UK-listed Heritage Oil.
Mehmet Sepil, Genel Enerji’s chief executive officer, was fined £967,005 for market abuse. His chief commercial officer, Murat Ozgul, and Levent Akca, the firm’s exploration manager, were fined £105,240 and £94,062 respectively for tradi

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: