“The first person to be prosecuted by the Financial Services Authority (FSA) over falsifying an application for authorisation to sell financial products has been given a suspended sentence.”
The Times, 18th November 2008
Source: www.timesonline.co.uk
“A surge in litigation is likely to be driven by regulators as they seek to find blame for the financial crisis, a group of leading lawyers said last night.”
The Times, 7th November 2008
Source: www.timesonline.co.uk
“The FSA has resisted calls for a full-scale debate on the regulation of with-profits funds, but it has promised a major review of how effectively life companies are implementing its current rules.”
OUT-LAW.com, 5th November 2008
Source: www.out-law.com
“Bank customers could be given the protection of the main City watchdog in a move that would sweep away decades of voluntary regulation covering savings and current accounts. The Financial Services Authority said yesterday it was considering major reforms to the banking code and statutory rules for the industry.”
The Guardian, 5th November 2008
Source: www.guardian.co.uk
“The last thing London needs now is its own version of Sarbanes-Oxley, says the CMS Cameron McKenna partner.”
The Times, 3rd November 2008
Source: www.timesonline.co.uk
“The Financial Services Authority (FSA) has fined a senior manager of Sindicatum Holdings, the financial advisory and asset management firm, nearly £20,000 for failing to have adequate anti-money laundering controls in place.”
The Times, 29th October 2008
Source: www.timesonline.co.uk
“The days of soft-touch regulation of the City are over, the head of the financial watchdog said yesterday, as he revealed that a new cadre of higher-paid regulators would ask tougher questions about the health of financial institutions in the wake of the credit crisis.”
The Guardian, 17th October 2008
Source: www.guardian.co.uk
“Gordon Brown has said there will be new rules governing the practice of short-selling in four months’ time, when the temporary ban imposed last week by the Financial Services Authority (FSA) on short-selling financial stocks expires.”
The Times, 24th September 2008
Source: www.timesonline.co.uk
“Delays, rudeness and poor claims handling are grounds for ordering financial services firms to compensate customers, the Financial Ombudsman Service (FOS) has said. Payments can be ordered in addition to other remedies.”
OUT-LAW.com, 12th August 2008
Source: www.out-law.com
“The Financial Services Authority had power under the Financial Services and Markets Act 2000 to include rules in the financial services compensation scheme which provided for the assignment of third party claims.”
WLR Daily, 1st August 2008
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“The financial watchdog has continued its crackdown on market manipulation with another prosecution.”
The Times, 28th July 2008
Source: www.timesonline.co.uk
“The Financial Services Authority has provisionally fined Winterflood Securities £4 million, the biggest penalty for market abuse imposed on a regulated financial firm, it emerged yesterday.”
The Times, 18th July 2008
Source: www.timesonline.co.uk
“Proper consultation is the rock upon which good regulation is founded. And for the Financial Services Authority, consultation is in its DNA. So when it does the unthinkable and drops a bombshell without warning or discussion — as last week with the announcement of the Short Selling Instrument — people are bound to be left shellshocked and confused, especially if they are lawyers under pressure from clients to advise on what needs to be done.”
The Times, 26th June 2008
Source: www.timesonline.co.uk
“The Financial Services Authority (FSA), the City watchdog, was attacked across the City today as it unveiled draconian new rules to force short sellers to disclose their positions in companies undertaking a rights issue.”
The Times, 13th June 2008
Source: www.timesonline.co.uk
“Woolworths, the UK retailer, has been fined £350,000 by the Financial Services Authority (FSA) for taking too long to disclose sensitive information to the stock market.”
The Times, 12th June 2008
Source: www.timesonline.co.uk
“An illegal landbanking scheme which sold plots of land to investors with the promise of big profits has had its assets frozen following action by the City watchdog.”
The Guardian, 4th June 2008
Source: www.guardian.co.uk
“The Financial Services Authority (FSA) has levied a record £900,000 fine on one of the biggest independent financial adviser (IFA) groups for serious failures in selling sub-prime mortgages.”
The Times, 16th May 2008
Source: www.timesonline.co.uk
“The Financial Services Authority has warned insurance comparison sites that they must treat customers fairly and give correct information about quotes listed or risk a regulatory crackdown if they fail to provide consumers ‘with clear, fair and not misleading’ information.”
The Guardian, 9th May 2008
Source: www.guardian.co.uk
“The City watchdog threatened yesterday to step up criminal prosecutions and to increase fines for market abuse after more than a quarter of last year’s takeovers showed signs of insider trading.”
The Times, 30th April 2008
Source: www.timesonline.co.uk
“Lawyers across the City have been sifting through traders’ e-mails and listening to recordings of their phone conversations in an attempt to piece together thousands of financial transactions.”
The Times, 31st March 2008
Source: www.timesonline.co.uk
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