*Financial Conduct Authority v Da Vinci Invest Ltd

Financial services – Financial Conduct Authority (FCA). The present was the first case in which, in addition to seeking an injunction under s 381 of the Financial Services and Markets Act 2000, the claimant Financial Conduct Authority invited the court to impose a penalty for market abuse under s 129 of the Act. The Chancery Division gave guidance on the relevant statutory provisions, and granted injunctions and penalties against the defendants.

Category: