Briefs
UK FSA crack down – In March, the UK's Financial Services Authority fined two firms for misleading financial promotions. The regulator fined City Index £35,000 for producing misleading financial promotions for spread betting and contracts for differences between September and November 2003. The firm has also been fined for failures in its systems and controls that allowed the promotions to be distributed. According to the FSA, City Index communicated financial promotions to the general public
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