The Tribunal has backed FSA’s decision to fine and ban two individuals for market abuse. FSA had fined Stefan Chaligné £900,000 plus disgorgement of profit, and Patrick Sejean £550,000. The Tribunal increased the fine on Mr Sejean, former senior salesman on Cantor Fitzgerald Europe’s London-based French desk, to £650,000. Tracey McDermott said FSA found Mr Sejean was a willing participant in Mr Chaligné’s scheme. The Tribunal also backed FSA’s fine on Tidiane Diallo. FSA banned all three individuals. (Source: Tribunal Supports Market Abuse Ban)