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Release Date: 15th July` 2016

To access the original FCA document, click here.


The Financial Conduct Authority (FCA) has fined Gavin Breeze £59,557 for engaging in market abuse, specifically insider dealing, and has publicly censured him for improper disclosure. Mr Breeze, who holds multiple directorships and is a Non-Executive Director of an AIM-listed company, attempted to sell his 8% shareholding in MoPowered plc while in possession of inside information. His actions could have prevented a loss of up to £242,000. Additionally, Mr Breeze passed the inside information to another shareholder. The FCA has also ordered Mr Breeze to pay restitution of £1,850 plus interest to those who suffered financial losses due to his actions.

Key Takeaways for Other Firms:

In conclusion, this case underscores the importance of adhering to market abuse regulations and maintaining the integrity of financial markets. Firms and individuals must ensure compliance to avoid severe penalties and reputational damage.

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