FSA has obtained a High Court injunction to prevent a number of manipulative “layering” activities it believes several companies and individuals were involved in between August 2010 and July 2011. The injunction covers Da Vinci Invest Ltd (a UK-registered but Swiss-based fund manager), a related Singapore-based company Da Vinci Invest PTE Ltd, and Mineworld Ltd (a Seychelles-registered company), and traders Szabolcs Banya, Tamas Pornye and Gyorgi Brad (all of whom are resident in Switzerland and/or Hungary) who traded on behalf of those companies. FSA is pursuing a court action in respect of the suspected manipulation. (Source: FSA Gets Injunction Against Market Manipulation)