A non-executive director of AIM-listed mobile software firm MoPowered has been fined £59,557 by the Financial Conduct Authority (FCA) for insider dealing and improper disclosure. 

Jersey resident Gavin Breeze, who also holds several directorships of private companies, was found guilty by the regulator of using inside knowledge to avoid heavy losses to his shareholding of MoPowered.

In September 2014, Mr Breeze received a phone call from the chief executive of MoPowered telling him the company intended to raise new capital via a share placement. The chief executive subsequently emailed Mr Breeze asking whether he ...