Paul Davidson and Ashley Tatham v The Financial Services Authority: FIN/2003/0016 FIN/2003/0021
Upper Tribunal Tax and Chancery decision of Judge Brice, Member Chapman and Member Parsloe on 16 May 2006.
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MARKET ABUSE 바카라 사이트“ company to be listed on the Alternative Investment Market 바카라 사이트“ take up of shares in the placing slow 바카라 사이트“ the idea emerged that if a spread bet were placed then the spread betting firm would hedge the bet through a contract for differences with a counterparty who would then hedge the contract for differences by purchasing shares in the placing thus completing the placing 바카라 사이트“ whether either or both of the Applicants engaged in market abuse 바카라 사이트“ no 바카라 사이트“ whether penalties should have been imposed 바카라 사이트“ no 바카라 사이트“ whether the amounts of the penalties were appropriate - no 바카라 사이트“ whether Mr Tatham was in breach of Principles 2 and 3 바카라 사이트“ no 바카라 사이트“ references determined in favour of the Applicants 바카라 사이트“ FSMA 2000 Ss 64, 66, 118 and 123.