ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Ex-Mizuho traders fined in U.K. for 'market abuse' in Italian bond futures

Trio banned and ordered to pay almost $733,000 in penalties

A trio of bond traders have been fined for alleged market manipulation six years ago when they were employed by the UK-based subsidiary of Japan's Mizuho Financial Group. (Photo by Arisa Moriyama)

LONDON/TOKYO (Financial Times) -- U.K. regulators have imposed a ban and fines totaling nearly 600,000 pounds ($733,000) on three bond traders for "market manipulation" six years ago when they were employed by the U.K.-based subsidiary of Japan's Mizuho Financial Group.

The Financial Conduct Authority fined Diego Urra 395,000 pounds, and Jorge Lopez Gonzalez and Poojan Sheth 100,000 pounds each for market abuse and banned them from "performing any functions in relation to regulated activity," the watchdog said on Wednesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more