FSA has obtained a court order preventing a self-employed trader from committing market abuse. It has also fined Barnett Michael Alexander £700,000 and ordered him to pay restitution to firms that suffered a loss because of his actions. At the relevant time, Mr Alexander was operating as a self-employed trader, and manipulated the price of contracts for differences and spread bets by placing multiple small orders. He also used accounts in the names of third parties. FSA has additionally banned him from performing any function in relation to any regulated activity and transferred to the firms that suffered through his actions over £300,000 from trading accounts Mr Alexander held. (Source: FSA Bans and Fines Self-Employed Trader for Market Abuse)