- WH Ireland Group has been fined GBP1.2m and restricted from taking on new corporate broking clients for 72 days after being penalised by the Financial Conduct Authority (FCA).

It was penalised for failing to take reasonable care to organise and control effectively systems and controls in order to protect against the risk of market abuse occurring during the period Jan. 1, 2013, and June 19 of the same year.

The fine is payable within 14 days of the Final Notice being signed and the sanctions will run from midnight on Monday 22 February to midnight on Wednesday 4 May 2016.

Separately, WH Ireland confirmed it had successfully completed a placing to raise GBP1.07m at 90p a share. Proceeds would be used for corporate purposes.

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