The FSA has fined Mehmet Sepil £967,005 for dealing in the shares of UK listed Heritage Oil Plc (Heritage) on the basis of inside information. This is the largest fine by the FSA against an individual for market abuse. Mr Sepil is the Chief Executive Officer of Genel Enerji, a Turkish oil exploration company. Two other company executives, Murat Ozgul and Levent Akca were fined £105,240 and £94,062 respectively. All three were involved in a joint venture with Heritage regarding the exploration of the Miran oil field in Kurdistan. They used highly sensitive and confidential information in relation to the progress of drilling tests to make a profit in the purchase of Heritage shares prior to a public announcement of the test results.