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FSA sends signal on disclosure with record fine

Comments (0) | 21 Jun 2010 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Photo-Me created false market in its shares for 44 days, says regulator

The Financial Services Authority (FSA), the UK’s financial watchdog, has fined Photo-Me International £500,000 ($740,000) for failing to disclose price sensitive information quickly enough.

The fine – the largest of its kind, according to the FSA – is intended to send a signal to other listed companies that they ...

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