FSA's tough stance opens door to investment bans
The UK Financial Services Authority has taken a leaf from the book of the European Securities and Markets Authority and started a consultation that may well end up giving the regulator the power to ban investments it deems to be unsuitable.
The UK Financial Services Authority (FSA) today (January 25) published a discussion paper on consumer protection that marks a significant change in approach by the regulator.
Usually accustomed to applying rules about transparency and the clarity of information disclosed to investors, the FSA has adopted a more aggressive and intrusive stance that stops just short of a requirement for the preapproval of investment products.
"As part of its new consumer protection strategy introduced last year
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