A PYMNTS Company

UK: City watchdog fines Reckitt for executive trading disclosure failures

By  |  February 8, 2015

Britain’s financial regulator has fined Reckitt Benckiser for not informing the market properly about share trading by two senior executives.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Consumer goods producer Reckitt failed to monitor the internal share dealings of the executives, leading to late and incomplete disclosure to the market, the Financial Conduct Authority said on Friday.

    The FCA fined the company $821,845 for breaches of listing, disclosure and transparency rules between 2005 and 2012.

    A company spokesman David Litterick said it had “already implemented measures to improve its internal processes that address the FCA’s concerns”.

     

    Full Content: The Telegraph

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.