{"id":50428,"date":"2015-10-30T10:04:31","date_gmt":"2015-10-30T14:04:31","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=50428"},"modified":"2015-10-30T10:05:20","modified_gmt":"2015-10-30T14:05:20","slug":"ex-hedge-fund-boss-peterson-banned-from-finance-industry","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/10\/2015\/ex-hedge-fund-boss-peterson-banned-from-finance-industry.html","title":{"rendered":"Ex-Hedge Fund Boss Banned From Finance Industry"},"content":{"rendered":"<p>(Bloomberg) Weavering Capital (UK) Ltd. founder Magnus Peterson became the second convicted financier in two weeks to be banned from the industry as a U.K. regulator sought closure in some of the country\u2019s biggest scandals following the financial crisis. Peterson, who was sentenced to 13 years in prison in January for a string of fraud offenses that cost his clients about $536 million, can\u2019t take a position that involves any regulated activity, the Financial Conduct Authority said Monday. The ruling follows a similar one on Oct. 16 against Kweku Adoboli, the trader who was responsible for causing a $2.3 billion trading loss at UBS Group AG.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-10-26\/ex-hedge-fund-boss-peterson-banned-from-u-k-finance-industry\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Weavering Capital (UK) Ltd. founder Magnus Peterson became the second convicted financier in two weeks to be banned from the industry as a U.K. regulator sought closure in some of the country\u2019s biggest scandals following the financial crisis. Peterson, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50428","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50428"}],"version-history":[{"count":2,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50428\/revisions"}],"predecessor-version":[{"id":50476,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50428\/revisions\/50476"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}