UK broker exposes firm to insider-dealing risk
LONDON - The Financial Services Authority (FSA) has fined Mark Lockwood, a former trading desk manager, £20,000 for failing to observe proper standards of market conduct.
The UK regulator says Lockwood, working at a retail stockbroker, failed to identify and act on a suspicious client order that allowed the firm to be used for insider-dealing purposes. As a result of his failings, the firm did not
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