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FCA seeks to fine and ban ex-spread betting company boss

The Financial Conduct Authority (FCA) is seeking to impose a £658,900 market abuse fine on Conor Foley, former CEO of failed spreading betting firm Worldspreads, and ban him from performing any roles linked to regulated activity.

FCA seeks to fine and ban ex-spread betting company boss
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Worldspreads, which Foley founded, floated on the London Alternative Investment (AIM) market in August 2007. The Dublin-based business collapsed with debts of £32m in 2012 after the discovery of financial irregularities.

Read more at Accountancy Daily

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