FCA has published a statement banning Rahul Shah from performing any function in relation to any regulated activity. Mr Shah, an investment adviser, had been made an insider in relation to an investment but, despite knowing this, encouraged a client to deal in the investments. FCA found the misconduct all the more serious because Mr Shah had received a "policing letter" from the (then) Financial Services Authority's markets division setting out types of conduct that might constitute market abuse and the possible penalties for committing it. It would have fined Mr Shah £125,000 if not for his financial hardship. (Source: FCA Bans Adviser for Market Abuse)