Margaret Cole emphasised the FSA’s strong and continuing commitment to their aim of credible deterrence, which she described as meaning ‘having an enforcement team who are seen as a force to be reckoned with’. She backed up her emphasis with multiple references to past and present penalties, criminal prosecutions and [...]

It will be noted that the final notices (Alpari (UK) Ltd and Sudip to Chattopadhyay) now refer to a firm/individual being able to appeal to the Upper Tribunal (Tax and Chancery Chamber). On 1 April 2009 it was known as the Finance and Tax Chamber, and then became the Tax [...]

Two brokers, Wills & Co and Direct Sharedeal (‘DS’), both met with FSA actions in February and there has been a large amount of publicity about both cases. Common to both was unacceptable or high pressure sales tactics in respect of higher risk securities to clients (and numerologists will be [...]