FORMER Rangers director A shareholder's complaint over alleged market abuse by the 58- year-old
The move comes amid growing concerns about the
The complaint made to the FCA claimed the board had no intention of dealing with
The club has condemned it as a conduit for depriving it of revenue.
The FCA told the complainant: "We will review the information you have provided very carefully with a view to determining whether it is appropriate to exercise any of our statutory powers in respect to market abuse."
The conduct team can impose unlimited fines and in extreme cases of market abuse can carry out a criminal investigation or hand the case to the Serious Fraud Office.
Any investigation would take into account whether it believes actions were deliberate, whether confidence in the markets was damaged or put at risk and whether there was financial gain.
It would also look at the conduct of the accused person before and after the alleged breach including previous disciplinary action and compliance.
FORMER Rangers director
A shareholder's complaint over alleged market abuse by the 58- year-old