Bank fined £5.4m after energy traders used WhatsApp

Bank fined £5.4m after energy traders used WhatsApp

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It is the first fine of its kind to be issued under transparency rules aimed at protecting consumers against market manipulation and insider trading. It also said that the fine could have been as much as £7.7m but the bank agreed to settle the case and received a 30% discount. Ofgem said that the…

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