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Wednesday
Aug312011

Day Trader fined £8m for abuse

Posted on DateWednesday, August 31, 2011

The Financial Services Authority fined day trading firm Swift Trade £8 million for market abuse. The regulator says the firm, led by Peter Beck, engaged in an illegal scheme known as layering to artificially boost share prices and make quick profits. Swift is fighting the fine, taking the case to tribunal. 

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