The Financial Conduct Authority has fined Mothahir Miah, a former investment analyst at Aviva Investors, for misallocating trades to funds that delivered higher performance fees in an effort to boost his profits. Miah agreed to settle at an early stage of the FCA’s investigation so he qualified for a 30% discount. Were it not for this discount, the financial penalty would have been £198,600. FCA fines Miah £139,000 for “cherry picking” Miah had authority to trade on behalf of hedge funds and long-only funds. Between January 2010 and October 2012, the former Aviva Investors employee exploited weakness in trading systems and…
Britain’s Financial Watchdog Bans Ex-Aviva Analyst
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports