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Former Rangers finance advisors fined £1.2m for market abuse risks


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Former Rangers finance advisors fined £1.2m for market abuse risks

 

 

WH IRELAND have also been banned for 72 days from taking on new corporate broking clients by the Financial Conduct Authority.

 

 

Read more at http://www.dailyrecord.co.uk/news/scottish-news/former-rangers-finance-advisors-fined-7429156#u6fMdtppJC4L04Bm.99'>http://www.dailyrecord.co.uk/news/scottish-news/former-rangers-finance-advisors-fined-7429156#u6fMdtppJC4L04Bm.99

 

RANGERS’ former financial advisers have been fined £1.2million for market abuse risks.

 

The Financial Conduct Authority said WH Ireland didn’t have the right systems and controls in place to stop “market abuse being detected or occurring”.

 

The firm have also been banned for 72 days from taking on new corporate broking clients.

 

WH Ireland stepped down as nominated financial advisers to the Ibrox club last March when they were still on the Stock exchange.

 

The FCA said: “We expect all firms to have the right controls in place to mitigate risks and protect clients.”

 

WH Ireland boss Richard Killingbeck said the firm were now making changes to their management, systems and controls.

 

Read more at http://www.dailyrecord.co.uk/news/scottish-news/former-rangers-finance-advisors-fined-7429156#u6fMdtppJC4L04Bm.99

 

We could have told them a year+ ago they were cowboy's.

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