On July 30, 2015, the FCA announced that it had banned Lee Stewart from the UK financial services industry. Mr. Stewart pleaded guilty in March 2015 in the US to charges of attempting to manipulate US Dollar LIBOR. He was formerly a trader at Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. The FCA found that Mr. Stewart had breached the Fit and Proper requirements set out in its Handbook because he lacked integrity and honesty. The ban, which took effect on July 21, 2015, prohibits Mr. Stewart from carrying out any function in relation to any regulated activity carried out by any authorized firm, exempt person or exempt professional firm.
The final notice is available at: http://www.fca.org.uk/static/documents/final-notices/lee-bruce-stewart.pdf.
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