Aviva Investors fined over 'cherry picking' trades

Aviva Investors has been fined £17.6m after its failure to manage conflicts of interest led to “cherry picking” by traders.

Aviva Investors fined over 'cherry picking' trades

Aviva Investors has been fined £17.6m after its failure to manage conflicts of interest led to “cherry picking” by traders.

The Financial Conduct Authority (FCA) in Britain highlighted weaknesses in the company’s risk management as funds that paid differing levels of performance fees were managed by the same desk.

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