LONDON, Dec 15 (Reuters) - Britain's Financial Conduct
Authority said on Tuesday it has fined former hedge fund
official Corrado Abbattista 100,000 pounds ($134,000) for market
abuse and banned him from the industry.
"Following an investigation, the FCA found that Mr
Abbattista, an experienced trader, engaged in market abuse by
creating a false and misleading impression as to the supply and
demand for equities between 20 January and 15 May 2017," the
watchdog said in a statement.
Abbattista was a portfolio manager, partner and Chief
Investment Officer at Fenician Capital Management LLP.
($1 = 0.7488 pounds)
(Reporting by Huw Jones
Editing by Gareth Jones)