UK FSA plays good cop, bad cop on insider trading
The UK Financial Services Authority is taking a hardline approach to insider trading, increasingly carrying out criminal investigations. But at the same time it is asking firms to work with it by providing information to build a bigger picture of what’s happening in the market
Financial firms are at the frontline of the regulatory battle now being waged by the UK’s enforcement agencies against insider trading. The campaign indicates an increased strictness against the offence, as the agency unsuccessfully attempted to fight off government demands for its closure. Sources in the FSA have expressed concern about their ability to maintain their pressure against insider
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