Trader accepts ban after being caught through FCA surveillance algorithm

By Neasa MacErlean

Theexperienced trader who appealed against a £100,000 FCA fine and ban onregulated activity has now been given these penalties after his appeal to theUpper Tribunal was withdrawn. Corrado Abbattista, chief investment officer atFenician Capital Management, came to the attention of the Financial ConductAuthority when suspicious transactions were spotted by the regulator’ssurveillance algorithms.