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U.K. Ban Upheld on Hedge-Fund Manager Alberto Micalizzi

WSJ – A U.K. tribunal has upheld a ban against hedge fund manager Alberto Micalizzi, finding that his conduct was “at the most serious end of the scale.” It stops him from working in regulated financial services.

The tribunal, which was hearing an appeal by Mr. Micalizzi against a 2012 judgment from Britain’s financial regulator, reduced his fine to £2.7 million ($4.6 million) from £3 million.

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