The Tribunal has upheld the fine imposed on Patrick Sejean. Mr Sejean had appealed FSA’s finding and fine for market abuse. The Tribunal had upheld the finding and increased the fine and said it would reconsider the level of fine only if Mr Sejean could prove financial hardship. It found he could not. Mr Sejean had claimed the fine could lead to his insolvency, but the Tribunal did not accept this, and moreover said that if this was the consequence, it would be because of Mr Sejean’s lack of candour throughout the enforcement process. (Source: Tribunal Upholds Market Abuse Fine)