View more on these topics

FSA to increase criminal prosecutions of insider dealings

The FSA will increase the use of its powers as a criminal prosecutor in relation to insider dealing, according to director of enforcement Margaret Cole.

In a speech to the European Policy Forum last week, Cole said in order to make a significant impact it must prosecute a “steady stream” of insider dealing cases.

She said: “I expect to see us bringing criminal prosecutions and I expect us also to use our internal administrative and Tribunal processes to bring market abuse cases under the Act.”

Cole added that it is a reality that UK juries struggle to convict in insider dealing cases.

But she said: “The message for you to take from today is not that FSA switches tack and does criminal cases – but that FSA is determined to use all the avenues, powers and tools available to it, and expects to present a tougher all round edge.”


MPs lack business experience

Nearly three-quarters of politicians have no experience in business management or financial services, according to Parliamentary research.A study by research consultancy ComRes found that 72 per cent of MPs have never worked in business or financial services while only 21 per cent have more than five years experience and 13 per cent have 10 years […]

Boost for longer-term availability

Woolwich has introduced this 10-year fixed-rate deal to help boost the availability of longer-term mortgages at a time when there is increased volatility in the mortgage market.John Charcol product specialist Katie Tucker says: “This is easily the market leading 10-year fix, with a rate lower than two, three, or five-year fixes, except those with a […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm