WH Ireland has this morning announced the terms of a settlement with the FCA relating to deficiencies in the systems and controls for the protection against risk of “market abuse” during a period 3 years ago. The sanctions comprise a fine and a temporary restriction on its investment banking division. A second announcement reports the subscription by leading shareholders of 1.193m shares at 90p, a premium to yesterday’s price, which amounts to a strong vote of confidence in the current management team led by Richard Killingbeck.
