FSA Taking Hard Line on Regulatory Breaches

The Financial Services Authority are currently very active, whether investigating full blown criminal proceedings or regulatory breaches. For example, the sanctions against three Morgan Stanley traders in recent weeks for either dishonestly concealing losses or pre-hedging (a form of front running) (see The Times 27 May 2009).

Please refer to our section on Regulatory, Compliance and Professional Disciplinary Matters, and contact Jeffrey Lewis if you are facing any type of investigation by the FSA.