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FSA slaps former Punch broker Osborne with £350k fine
ANDREW Osborne, the corporate broker at the centre of the Greenlight Capital insider dealing case, has been fined £350,000 by the Financial Services Authority (FSA) for his role in the affair.
The FSA has already fined the US hedge fund manager David Einhorn from Greenlight £7.2m for trading in shares in Punch Taverns in 2009 just hours after being on a telephone call with Osborne and the group’s senior management ahead of an equity placing.