Trader fined as regulator gets tough on information sharing - The Guardian
A former share salesman at Credit Suisse First Boston has been fined £20,000 by the Financial Services Authority in the first attempt by the City regulator to clamp down on the way information is passed around the financial community.
Sean Pignatelli, who was fired by the investment bank in June 2005, was found to have acted without "due care, skill and diligence" when he passed on financial forecasts about a company.
Although this was not inside information - that is, details that were not available to the wider market - the FSA said that he gave the impression that he had passed on private details that could have influenced the share price of the company..... 
Enviado: 25/11/2006 23:02