Looking for trouble

Timon Molloy, Editor.

Three criminal prosecutions for insider dealing already this year with “more in the pipeline” as well as 31 wholesale market abuse cases going through due process signal a toughening attitude at the FSA. If seeking custodial sentences is necessary to achieve cleaner markets “that is what we have to do”, Margaret Cole, Director of Enforcement told delegates to the regulator’s enforcement conference on 18 June.