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Buyout-backed care group fined by FSA

Nestor Healthcare Group, the residential nursing services business owned by private equity-backed Acromas, has run into trouble with the UK regulator over share dealings by directors

A company owned by private equity-backed Acromas has run into trouble with the Financial Services Authority over claims that the company failed to take steps to ensure its executives complied with share dealing conditions.

Nestor Healthcare Group has been fined £175,000 by the FSA for "clearance to deal failings", or failing to put strict policies in place relating to the trading of shares by senior management.

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