FCA fines Hargreave Hale and R&M over IPO misconduct scandal while Newton given immunity

Hargreave Hale seeking legal advice

Mike Sheen
clock • 4 min read

The Financial Conduct Authority has found Newton Investment Management, Hargreave Hale and River & Mercantile Asset Management guilty of breaking competition laws for their involvement in an information-sharing scandal, which saw the regulator fine former Newton portfolio manager Paul Stephany earlier in February.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Trustpilot