UK Imposes More Fines Over Greenlight Insider Trading

Law360, New York (January 27, 2012, 1:45 PM EST) -- A U.K. financial watchdog has fined a former Greenlight Capital (UK) LLP compliance officer £130,000 ($204,204) in a continued crackdown over Greenlight's alleged insider trading on information about British pub chain Punch Taverns PLC, the regulator said Friday.

The Financial Services Authority levied the fine against Alexander Ten-Holter, who remains a trader with the hedge fund investment manager, for allegedly failing to question Greenlight's sale of shares in Punch Taverns ahead of a major equity fundraising by the pub chain in June 2009. Additionally, the FSA...
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