FCA fines and bans ex-Aviva Investors investment analyst

Laura Miller
clock

The Financial Conduct Authority (FCA) has fined a former investment analyst at Aviva Investors £139,000 and banned him from working in the financial services industry for failing to act with honesty and integrity.

Mothahir Miah had authority to trade on behalf of hedge and long-only funds, and between January 2010 and October 2012 he exploited weaknesses in the trading systems and controls at Aviva Investors in order to delay the booking and allocation of trades, the FCA found. This meant Miah was able to assess the performance of a trade during the day and allocate trades which had benefitted from favourable price movements to hedge funds that paid performance fees. Trades that had not benefitedwere allocated to certain long-only funds that paid lower or no performance fees. The FCA said th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The 2025 regulatory landscape: The FCA's plans for the year ahead

The 2025 regulatory landscape: The FCA's plans for the year ahead

Consumer Duty remains central to the FCA's strategy

Sandy McGregor
clock 06 March 2025 • 4 min read
Round two: The FCA and the name and shame debate

Round two: The FCA and the name and shame debate

‘The FCA should be careful what it wishes for’

Daren Allen
clock 06 March 2025 • 4 min read
Nexus IFA director Kerry Nelson charged over £2m alleged fraud

Nexus IFA director Kerry Nelson charged over £2m alleged fraud

FCA also starts criminal proceedings against firm's business operations manager

Isabel Baxter
clock 28 February 2025 • 1 min read