LONDON May 28 Former JPMorgan dealmaker
Ian Hannam has lost his appeal against a 450,000 pound
($756,100) fine for market abuse, a London tribunal said on
"His actions were not in the proper course of the exercise
of his employment," the Upper Tribunal said in its judgment.
The Financial Services Authority, which became Financial
Conduct Authority April 2013, accused Hannam of sending two
emails in 2008 that contained "inside", or potentially
market-moving, information relating to a potential takeover and
possible oil discovery.
He appealed the decision last July, saying he was acting
appropriately in his role as a financial adviser.
Hannam could yet appeal this latest decision.
($1 = 0.5952 British Pounds)
(Reporting by Clare Hutchison, editing by Kirstin Ridley)