Be afraid ..
The UK Financial Services Authority has signalled its intent with a series of enforcement cases for market abuse. Regulated firms, and their senior management, need to be on their guard, warn Chris Warren-Smith and Ian Pegram
While there has been much newspaper commentary about the UK Financial Services Authority's (FSA) proposals for a tougher enforcement regime for financial crime, a number of recent and successful convictions by the FSA suggest it might be becoming a reality.
On April 2, the Financial Services and Markets Tribunal upheld the FSA ruling of June last year that Winterflood Securities, the largest market-maker of AIM securities, and two of its traders, Stephen Sotirou and Jason Robins, had committed
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