01 · In plain English
What happened.
The FCA found that Diego Urra committed market abuse and market manipulation and failed to act with integrity, concluding he lacked the fitness and propriety required for his role in the investment bank sector. On 5 August 2025 the regulator fined him £223,400 and imposed a prohibition. The action was taken under the Market Abuse Regulations and the Financial Services and Markets Act 2000. The FCA published a Final Notice setting out the breaches and the sanctions.
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA published.
On 5 August 2025, the Financial Conduct Authority fined Diego Urra £223,400. This Final Notice refers to breaches of Market Abuse Regulations and Financial Services and Markets Act 2000 related to market abuse, market manipulation, failing to act with integrity and lack of fitness/propriety in the investment bank sector. We imposed a financial penalty and a prohibition. Source: the FCA's published list of 2025 fines.
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