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Tullett Prebon Share News (TLPR)
Share News for Tullett Prebon (TLPR)
| Share Price: 294.70 | Bid: 293.30 | Ask: 293.70 | Change: 0.00 (0.00%) |  | ||||||
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UK's FSA to ban BGC senior exec Verrier
Wed, 16th May 2012 10:52
LONDON, May 16 (Reuters) - Britain's financial regulator said that it was banning BGC senior e
The Financial Services Authority said on Wednesday: 'In light of the High Court's findings about Verrier's conduct, we have concluded that he is not fit and proper to be in the UK financial services industry.'
A London High Court judge found BGC guilty in 2010 of unlawfully inducing 10 Tullett brokers to breach their employment contracts.
The FSA said Verrier had referred the matter to appeal.
(Reporting by Rosalba O'Brien, Editing by Sarah Young) Keywords:
(rosalba.obrien@thomsonreuters.com; +44 20 7542 3431; Reuters Messaging: rosalba.obrien.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
LONDON, May 16 (Reuters) - Britain's financial regulator said that it was banning BGC senior e
xecutive Anthony Verrier from working in the financial services industry after it raised concerns over his conduct in a legal spat with rival brokerage Tullett Prebon.
The Financial Services Authority said on Wednesday: 'In light of the High Court's findings about Verrier's conduct, we have concluded that he is not fit and proper to be in the UK financial services industry.'
A London High Court judge found BGC guilty in 2010 of unlawfully inducing 10 Tullett brokers to breach their employment contracts.
The FSA said Verrier had referred the matter to appeal.
(Reporting by Rosalba O'Brien, Editing by Sarah Young) Keywords:
(rosalba.obrien@thomsonreuters.com; +44 20 7542 3431; Reuters Messaging: rosalba.obrien.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
UPDATE 1-Big banks gain as U.S. adopts weakened swap rules
* CFTC adopts set of rules for new trading platforms* Trading over phone will still be allowed* Critics say rule too close to opaque bilateral trading[16 May '13]
U.S. regulator to vote on watered-down swap rules
By Douwe MiedemaWASHINGTON, May 16 (Reuters) - Big banks are set to gain key concessions as the top U.S. derivatives regulator meets to vote on watere[16 May '13]
UPDATE 1-US regulator sets final rules for swaps trading
By Douwe MiedemaWASHINGTON, May 15 (Reuters) - The top U.S. derivatives regulator unveiled rules for swaps trading that could break open Wall Street's[16 May '13]
UPDATE 1-Broker ICAP to cut more costs after profit slumps
* Pretax profit down 20 pct at 284 mln stg* Group revenues down 12 pct at 1.47 bln stg* Full-year dividend 22 pence per share* CEO says no evidence of[14 May '13]
Broker ICAP posts 20 percent fall in full-year profit
* Pre-tax profit 284 mln stg* Group revenues down 12 pct to 1.47 bln stg* Full-year dividend 22 pence per shareLONDON, May 14 (Reuters) - Interdealer[14 May '13]
UPDATE 2-U.S. swaps regulator to meet on trading rules next week
By Douwe MiedemaWASHINGTON, May 9 (Reuters) - The top U.S. derivatives regulator will discuss next week keenly awaited rules for swaps trading that ha[9 May '13]
Tullett Prebon says regulation, tough markets hit revenues
LONDON, May 9 (Reuters) - Broker Tullett Prebon said a slowdown in its revenues had continued into the first four months of this year as tough market[9 May '13]
UPDATE 2-ICAP warns on profit as trading recovery falters
* Expects 13 pct drop in full-year revenue* Forecasts 280 mln stg pre-tax profit, down 21 pct* Cost savings remain on track* Shares fall 8 pctBy Tommy[27 Mar '13]
