FCA has issued its final notice against Magnus Peterson following his convictions in January 2015 for fraud, forgery, false accounting and fraudulent trading. Mr Peterson is the former head of the now-collapsed hedge fund Weavering Macro Fixed Income Fund Ltd (Macro Fund), whose clients lost approximately US$536 million as a result of his actions. Mr Peterson was sentenced to 13 years’ imprisonment and, following this, FCA has banned him from working in financial services. (Source: FCA Final Notice Against Macro Fund’s Magnus Peterson)