Mytravel Fined After Expenses Failure

The HeraldJuly 15, 2005

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Summary


THE UK's financial watchdog slapped a pounds -240,000 fine on tour firm MyTravel Group yesterday for failing to update markets in July 2002 about a change in its performance forecasts.

The Financial Services Authority said MyTravel had broken its rules by not informing investors of unaccountedfor costs of pounds - 24.3m in July 2002.

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Mytravel Fined After Expenses Failure

MyTravel's chief executive and finance director, who have since left the company,...

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