FSA censures two traders for market abuse
LONDON – The Financial Services Authority (FSA) has taken the unusual step of publicly censuring two Dresdner Kleinwort portfolio managers for market abuse. Darren Morton and Christopher Parry, a director and a vice-president respectively, were reprimanded by the regulator for insider trading relating to newly issued bonds for UK bank Barclays. German investment bank Dresdner was acquired last year by Commerzbank.
The regulator's reprimand, and lack of a formal ban or penalty, might be
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