FCA fines former airline executive for trading during closed periods and for trade disclosure failures

News Financial services Sanctions & Fines

Date: 27th Nov, 2024 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

On 27/11/2024, the Financial Conduct Authority issued an update regarding FCA fines former airline executive for trading during closed periods and for trade disclosure failures. The authority fined András Sebők £123,500 for trading Wizz Air shares in restricted periods and failing to disclose personal trades within required timelines. This is a first-time fine under Article 19(11) of the Market Abuse Regulations (MAR).

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Financial Conduct Authority

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FCA fines former airline executive for trading during closed periods and for trade disclosure failures

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FCA fines former airline executive for trading during closed periods and for trade disclosure failures

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