A former compliance officer and trader at Greenlight Capital UK was this morning fined for his part in the Punch Taverns insider trading scandal, along with a JP Morgan Cazenove trading desk director, with the Financial Services Authority providing further details of the events surrounding the case.

Alexander Ten-Holter, a trader and former compliance officer at Greenlight Capital (UK) LLP, was this morning fined £130,000 for failing to make reasonable enquiries before selling Greenlight's shareholding in Punch Taverns, and prohibited him from performing compliance oversight in future.