UK FSA bans ex-Merrill trader for mis-marking
LONDON – A former proprietary trader for Merrill Lynch has been banned by the UK Financial Services Authority (FSA) for mis-pricing trades to cover $456 million of trading losses.
The regulator banned Alexis Stenfors for five years for mis-marking interest rate positions by around $100 million in January and February last year. Stenfors, who is from Sweden, worked as a senior trader on Merrill
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