FSA has fined Samuel Kahn over £1 million and, for the first time, obtained a court order restraining an individual from committing market abuse. It found Mr Kahn coordinated a scheme to inflate the share price of a PLUS-quoted company. FSA had previously made him bankrupt following boiler room activities. Because of the history, FSA thought it appropriate to seek an injunction as well as levying a large fine. (Source: Samuel Kahn Press Release)
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FSA gets High Court injunction against market abuse
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