FSA goes on the warpath
Criminal investigation into possible rogue traders launched by the FSA
Having learned hard lessons from Northern Rock and the SocGen rogue trader event, the FSA and the Bank of England are acting decisively to stamp out any rogue trading element to the recent nose-dive in HBOS’s share price this week. The FSA has launched a criminal investigation into this case, which is potentially the largest investigation of its type.
Market abuse is high on every regulator’s agenda, and we can expect a certain amount of knee-jerk regulation to emerge following these events
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