FCA serves three bond traders with Decision Notices for market manipulation

The regulator bans the traders and alleges actions were “serious and directly undermined the integrity of the market”.

The three bond traders, Diego Urra, Jorge Lopez Gonzalez and Poojan Sheth, have each been given a Decision Notice by the Financial Conduct Authority (FCA), for market abuse.

The FCA claims that the three traders placed big misleading orders for BTP Futures that “they did not intend to execute, giving

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in