FSA looking to push through market abuse cases
A number of lawyers in the city of London have stepped forward to confirm that the FSA (Financial Services Authority) has significantly increased its urgency with regards to market abuse cases waiting to go to court. Whether or not this is true there is no doubt that the FSA has shown more successes over the last few months than over the last decade in an area of law which has been a minefield for many alleged insider trading and market abuse cases.
There is no doubt that the evidence now presented to the courts in insider trading and market abuse cases is more detailed and more comprehensive than ever before and the information can often take years to collate. The latest alleged market abuse case to the courts is the result of an investigation which has been ongoing for two years, which just about says everything about the complexity and the nature of insider dealing and market abuse cases.
Some lawyers in the city appear to believe the FSA is trying to push through as many successful prosecutions as possible to give it the best chance of avoiding the axe if a Conservative government is victorious at the next election. Whether this is true or not is debatable but there is no doubt that the FSA is certainly a more frightening animal than ever before for those involved in market abuse!
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