FSA has fined a former research analyst £50,000 for sending an inaccurate message about a company to clients, colleagues and a journalist. FSA found the message was careless as it did not accurately reflect the conversation Mr Gower had had. It accepted he did not mean to give the impression the information he was passing on was inside information but found that he failed to observe proper standards of market conduct. (Source: FSA/PN/004/2011 and Final Notice)