Winterflood in court of appeal

Market-maker Winterflood Securities attempted to overturn a ruling of market abuse against it and two of its employees at the court of appeal yesterday. The FSA said Winterflood and two employees, Stephen Sotiriou and Jason Robins, had “a pivotal role in an illegal share-ramping scheme”. Winterflood was fined £4m, Sotiriou £200,000 and Robins £50,000. The case involves trading in shares of an AIM-listed computer components company named Fundamental eInvestments.