Perkins traded Brent crude futures contracts without client authorization . His trading pushed the price 72,000 a barrel -- the highest the weekend of June 27-28 . Perkins has been banned because he is not a fit and proper person to be involved in regulated activities and his behavior posed a risk to the proper functioning of the market . '' The the Financial Services Authority said the trading seems to have been a result of `` extremely heavy drinking '' Perkins was also fined £ 72,000 ( $ up to $ 73.50 ) for market abuse .
Perkins traded Brent crude futures contracts without client authorization . His trading pushed the price 72,000 a barrel -- the highest the weekend of June 27-28 . The the Financial Services Authority said the trading seems to have been a result of `` extremely heavy drinking '' Perkins was also fined £ 72,000 ( $ up to $ 73.50 ) for market abuse .