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Insider trading is a form of ‘market abuse’ and includes the misuse of information whilst trading investments in the UK markets. The Financial Services Authority (FSA) has wide ranging powers to take action against anyone suspected of market abuse or whose conduct falls below acceptable standards.
In many cases, the nature of trading investments in the markets attracts FSA interest where no intention exists to misuse information or manipulate the market. But, after years of adverse publicity for not tackling market abuse head on, the FSA is becoming much tougher.
Our team at Bark & Co are very well acquainted with the regulatory regime designed to ensure compliance and to maintain high standards of market conduct. Amongst a number of defence cases involving our team, one has been described as ‘the biggest insider dealing case ever launched by the UK FSA’, a case which has ‘sent shockwaves through the country’s financial industry’. In another highly complex case, our clients are being investigated by HM Revenue and Customs to establish whether a significant shareholding had been manipulated for tax purposes. In a third, we are representing one of a number of individuals in an insider ring who allegedly had knowledge of impending company takeovers and acted to benefit substantially from confidential information.
As one of the most prominent fraud firms in the City of London, Bark & Co are well placed to provide the best advice to clients who find themselves the subject of FSA investigations into money laundering.