FCA levies over £370,000 in fines for market abuse
The Financial Conduct Authority (FCA) has published details of £371,700 in fines issued to two individuals for market abuse in early 2026. Richard Adam and Zafar Khan were penalized for breaches of Market Abuse Regulations and Listing Principles.
Significant Penalties for Market Misconduct
The Financial Conduct Authority (FCA) has imposed a total of £371,700 in fines during early 2026.
These penalties were issued to Richard Adam (£232,800) and Zafar Khan (£138,900) on January 7, 2026, for their involvement in breaches of market conduct regulations.
Breaches of Market Integrity Rules
Both individuals were found to have knowingly concerned themselves in breaches of Article 15 of the Market Abuse Regulations.
Their actions also violated Listing Rule 1.3.3R, Listing Principle 1, and Premium Listing Principle 2, which are crucial for market integrity and transparency.
Source: 2026 fines
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