FSA highlights hedge fund market abuse concerns

Victoria Pennington
31 Oct 2007

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LONDON – After a series of visits to a cross-section of hedge funds, the UK Financial Services Authority (FSA) has raised concerns about the low level of awareness regarding market abuse issues and the lack of appropriate systems and controls in place. Some of the firms the FSA visited demonstrated a complacent attitude to the risks of market abuse, it says in its Market Watch newsletter. As a result, the authority has launched a programme of visits to a wider cross-section of hedge fund

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