During the last year the UK financial services industry has faced regulatory change on a sweeping scale. The Financial Services Act 2010 has been introduced the Financial Services Bill is likely to see the work of the Enforcement and Financial Crime Division pass to the Financial Conduct Authority at the end of 2012. 

The FSA continues to state publically that it intends to bring many more enforcement cases, including more against individuals, and anticipates imposing higher penalties to achieve “credible deterrence”.

The FSA has a range of criminal, civil and administrative sanctions available to it.  In recent years we have seen a sharp rise in financial penalties and a very substantial increase in insider dealing investigations and prosecutions.  There has also been increasing co-operation by the FSA with overseas regulators and agencies. 

We are currently engaged in some of the most high profile FSA investigations in both the regulatory and criminal fields.  We act for both individuals and companies.

• Credit Suisse
• The Citigroup bond trade

• Insider dealing and market abuse investigations and prosecutions
• Mis-selling investigations