02/22/2012
FSA obtains interim injunction to halt unauthorised deposit-taker
Assets belonging to both Mudge and Lewis have also been frozen.
Legal, Regulation & Compliance
02/22/2012
FSA bans Ayrshire-based IFA over non-payment of £8K fees
FSA bans Ayrshire-based IFA over non-payment of £8K fees
02/22/2012
Dominique Strauss-Kahn questioned as 'pimp' suspect
The 62-year-old ex-Socialist minister was seen as the frontrunner to replace Nicolas Sarkozy as president of France until his arrest last May on rape charges on a New York maid – later dropped.
02/22/2012
U.K. Lawmaker Targets Bank Executives
The Conservative Member of Parliament for Wycombe is hoping to attract cross-party support for a new bill that will force bank directors, already under pressure over the size of their bonuses, to take personal liability for any losses suffered under their
02/21/2012
Garnier calls for IMA to reverse stance on fees
HSBC Global Asset Management, Legal & General Investments and BlackRock have now joined Fidelity in calling for a new industry standard of fund fee disclosure which takes into account trading costs.
02/21/2012
Iceland FSA head derides investigation into his fitness for job
The regulator’s board will review Andersen’s letter today, said Chairman Adalsteinn Leifsson, in a Feb. 17 interview.
02/20/2012
BBC pays £1.8million legal bill to help keep stars' pay confidential
Critics claim the figure represents poor value for money and it has been suggested the National Audit Office (NAO) may investigate the issue.
02/20/2012
Santander fined £1.5m for structured product failings
Santander acknowledges that it could have changed its product literature and training materials more quickly to reflect the FSCS position accurately.
02/17/2012
Further arrest in FSA and Soca insider dealing case
The searches and the arrest are the latest developments in a complex insider dealing investigation being carried out by the Financial Services Authority and the Serious Organised Crime Agency.
02/17/2012
Boiler room alert: share fraudsters return to target wealthy investors
Private client investment managers are reporting that their clients are being targeted by bolier room scams.
02/17/2012
Senior bankers caught up in film investment tax probe
Three senior investment bankers have emerged as being among the 16 individuals arrested last week as part of an investigation into allegations of tax evasion involving film financing schemes.
02/17/2012
FSA arrests LGIM employee in insider dealing investigation
An employee of Legal & General Investment Management (LGIM) was arrested by the Financial Services Authority (FSA) last night as part of an investigation into alleged complex insider dealing.
02/16/2012
Closed UK hedge fund ordered to pay $76.8m
Sweet ruled that Pentagon Capital and Chester must disgorge $38.4 million in improper profits on the trades. He imposed the same amount as an additional civil penalty.
02/16/2012
Fraud agency under investigation in UK
The review will focus on how Britain's main agency for hunting down major financial crimes and corruption goes about selecting and pursuing cases, a spokeswoman for the government's legal advisor said.
02/16/2012
FSA fines ex-Merrill Lynch director £350k over Punch rights issue
“By disclosing inside information, Osborne engaged in serious market abuse. His actions undermined the orderliness and integrity of the market and the high penalty reflects the seriousness of his breach. There should be no doubt about the FSA’
02/15/2012
'Broke' HSBC worker told to repay £59 of £1million fraud
Apart from the Renault Clio, the 23-year-old’s only other ‘realisable assets’ amounted to £109.21, prosecutor David Levy told the court, which included £100 for the car.
02/15/2012
A German Pensioner Takes on Commerzbank
The bank adds that the financial advisor "weighed all the advantages and disadvantages of the investment together with the client. That particularly involved the long duration of the investment. Irmgard Greiner decided after the extensive consultatio
02/15/2012
International Awards for Luxembourg Law Firm
In addition to the challenges posed by today's economy, the Luxembourg jurisdiction has witnessed the local legal market diversify and intensify.
02/15/2012
RBS rapped over 'last bank' advert
State-backed Royal Bank of Scotland has come under fire once again - this time for making "misleading" promises to be the "last bank in town".
02/14/2012
Nicely does it as Bakers picks up top employer award
”Every idea is valuable, and I sense that this is why people feel engaged.”