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FSA fines JJB for disclosure breach

Comments (0) | 27 Jan 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Sports retailer hit with £455,000 fine for not revealing full details of two acquisitions

JJB Sports, the UK sportswear and equipment retailer, has been fined £455,000 ($727,000) by the Financial Services Authority (FSA) for failing to disclose the true cost of two takeovers.

The lack of disclosure resulted in a false market in JJB’s shares for more than nine months, says ...

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