UK's FSA wraps up malicious rumours investigation

Financial Crime

LONDON - The latest investigation into the use of malicious rumours for individual profit has failed to find any evidence of malice, although the UK Financial Services Authority (FSA) states "there was no doubt false and damaging rumours were circulating".

The FSA's investigation into the allegation of the use of malicious rumours surrounding falls in UK bank HBOS's share price on March 19, 2008 could find no proof that the false rumours were circulated as part of a concerted effort for

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