Investment analyst fined and banned for ‘cherry picking’ trade allocations

Mothahir Miah, a former investment analyst at Aviva Investors Global Services, has been fined £139,000 and banned from any regulated activity by the Financial Conduct Authority. He exploited weaknesses in the firm’s trading controls in order to delay booking trades, so as to ‘cherry pick’ which funds they would be allocated to. These offences took place between January 2010 and October 2012.