Law enforcement

Hart, Simon; Melling, Rebecca
December 2005
Lawyer;12/5/2005, Vol. 19 Issue 47, p24
Trade Publication
The article reports on the major legal cases in Great Britain which have helped shape the Financial Services Authority's (FSA) enforcement policies. These include: FSA's case against Legal and General; FSA's second largest fine against Citigroup; FSA's case against two directors of banking software firm AIT; and Philip Watts' case against FSA as a result of FSA's decision to fine Shell for overstating oil and gas reserves.


Related Articles

  • On review. Flint, Charles // Lawyer;12/5/2005, Vol. 19 Issue 47, p26 

    The article reports on the changes being made by the British Financial Services Authority (FSA) to its enforcement process. The changes are being made after FSA's director of retail firms David Strachan has conducted a review after criticisms were made regarding the judgments of the Financial...

  • L&G ponders principal status. Bone, Alison // Money Marketing;8/28/2003, p3 

    Reports on financial advisory company Legal & General's plan to take principal status under mortgage regulation if final details from the Great Britain Financial Services Authority in September 2003 are favorable for it to consider the route. Offering of support to firms looking for direct...

  • L&G rethinking its stance on with-profits sales. Speedy, Sonia // Money Marketing;1/29/2004, p3 

    Reports that Great Britain-based financial adviser Legal and General plans to review its policy on selling with-profit pension plans. Options being considered by the company as the British Financial Services Authority plans to reform the with-profits market; Reduction in flexibility needed by...

  • Score draw set to bring replays. Lappin, John // Money Marketing;1/27/2005, p20 

    Assesses the industry implications of the financial services industry tribunal ruling on the Legal and General appeal against the British Financial Services Authority (FSA) action. Details of the tribunal's decision on the Legal and FSA case; Benefits gained by Legal from taking on the FSA and...

  • REID ALL ABOUT IT. Reid, Robert // Money Marketing;1/27/2005, p34 

    Comments on the issue of the conflict between the British Financial Services Authority (FSA) and Legal and General (L&G) over an alleged misselling case filed against L&G. Criticism against the FSA for using extrapolation over investigation in its efforts to demonstrate alleged widespread...

  • Legal & Geeral: a Pyrrhic victory?  // MarketWatch: Financial Services;Mar2005, Vol. 4 Issue 3, p17 

    The article discusses issues related to the conflict between the Financial Services Authority (FSA) and the company Legal & General in Great Britain. The company was penalized by the FSA claiming that it was guilty of widespread misselling of endowment mortgages. According to the article, the...

  • L&G contests FSA endowments fine. Henshall, Angela // Money Marketing;5/27/2004, p10 

    Reports that Legal and General is challenging the fine imposed by Financial Services Authority for endowment misselling. Claim that Legal and General has missold higher-risk products to risk-averse savers from 1997-1999 in Great Britain.

  • Confidence is the real loser after legal appeal. Coney, James // Money Marketing;1/27/2005, p30 

    Reports on the impact of the conflict between the British Financial Services Authority (FSA) and Legal and General (L&G) on the credibility of the FSA among independent financial advisors. Amount of fine required by the FSA from L&G for alleged misselling; Basis for the industry tribunal's order...

  • BROKER 'Talkback'  // Money Marketing;1/27/2005, p36 

    Presents opinions from members of the financial services industry on the issue of the legal dispute between Legal and General and the British Financial Services Authority (FSA). Impact of the case on the authority of the FSA; Errors committed by the administrative agency.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics