Fsa Posts
UBS Pair Banned For Unauthorised Trading
The Upper Tribunal has directed the Financial Services Authority (FSA) to fine ex-UBS professionals Sachin Karpe £1.25m and Laila Karan £75,000 and ban them both from performing any role in regulated financial services for failing to act with integrity and for not being fit and proper persons.
FSA Decides To Ban Senior BGC Executive
The Financial Services Authority (FSA) has published a decision notice indicating that it has decided to prohibit Anthony Verrier (a senior executive at BGC) from performing any function in relation to any regulated activity in the financial services industry.
SEC Charges Firm for Improperly Boosting Hedge Fund Client at Expense of U.S. Fund Investors
The Securities and Exchange Commission has charged a Scotland-based fund management group for fraudulently using one of its U.S. fund clients to rescue another client, a China-focused hedge fund struggling in the midst of the global financial crisis.
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Regulator Finds Investment Banks Have More Work To Do To Mitigate Financial Crime Risk
UK regulator The Financial Services Authority (FSA) has published the findings of its thematic review into anti-bribery and corruption (ABC) systems and controls in investment banks.
Credit Suisse Head Of European Credit Sales Fined £210,000
The Financial Services Authority (FSA) has fined Nicholas Kyprios, Head of European Credit Sales at Credit Suisse in London, £210,000 for improper market conduct in disclosing client confidential information ahead of a significant bond issue in November 2009.
More Than Half FSA Fines For Weak Risk Management Systems
Weak risk management systems were responsible for more than half of all the fines* handed out by the Financial Services Authority (FSA) to financial services businesses last year, reveals research by the Chartered Institute of Internal Auditors.
FSA Enforcer To Leave This Year
The Financial Services Authority (FSA) has announced that managing director and Board member, Margaret Cole, will leave the organisation later this year, after nearly seven years at the UK regulator.
FSA Bans And Fines Former JC Flowers UK CEO For Fraudulent Invoicing Scheme
The Financial Services Authority (FSA) has fined Ravi Shankar Sinha £2.867m for fraudulently obtaining £1.367m for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.
FSA Announces New Investment Banking Senior Advisor
The Financial Services Authority has announced the appointment of Will Samuel to the role of investment banking senior advisor.
Ex-Greenlight Compliance Officer and JP Morgan Cazenove Trader Fined
The Financial Services Authority (FSA) has fined Alexander Ten-Holter, trader and former compliance officer at Greenlight Capital (UK) LLP (Greenlight) £130,000 for failing to question and make reasonable enquiries before selling Greenlight’s shareholding in Punch Taverns plc (Punch) ahead of an anticipated significant equity fundraising by Punch in June 2009, and prohibited him from performing Compliance Oversight and Money Laundering reporting functions.
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