Middle East Economic Survey

VOL. LIII

No 8

22-Feb-2010

IRAQ

Genel Executives Fined $1.88Mn For Insider Trading

The UKs Financial Services Authority (FSA) on 16 February announced it had fined Genel Enerji CEO Mehmet Sepil 967,005 ($1.52mn), the authoritys highest ever fine against an individual. Two other executives in the Turkish independent Chief Commercial Officer Murat Ozgul and Exploration Manager Levent Akca were fined 105,240 ($165,000) and 94,062 ($147,000) respectively,...