Alexis Stenfors, a former Merrill Lynch trader, has been banned by the British financial regulator for deliberately mis-marking positions. Photo: SKY NEWS His actions forced the investment bank to make a $456m (£304m) writedown, the Financial Services Authority said.   Related Articles City trader in £85 million 'loss' inquiry pledges to stay in Britain Merrill Lynch investigates '$120 rogue trader' Merrill Lynch investigates '$120m rogue trader' Merrill Lynch investigates trading irregularity in London Fallen 'sheriff' Eliot Spitzer sits down with blogger Henry Blodget Margaret Cole, FSA director of enforcement and financial crime, said: “We have banned Stenfors because his misconduct was deliberate, frequent and repeated over a one-month period. "He was a senior and experienced trader who held a position of trust at the firm. He betrayed the trust placed in him by the firm and demonstrated that he is not fit and proper to be approved by the FSA.[Read more...]