The FSA sharpens its claws

The UK Financial Services Authority has signed a new agreement with the City of London police, which enhances its ability to pursue corporate criminals.

The FSA currently works with the City's police in investigating incidents of insider trading and the false financial reporting. Under the Financial Services and Markets Act that was passed in 2000, the FSA can ask the police to arrest suspects if they refuse to be questioned on a voluntary basis. It can also obtain search warrants from the pol

To continue reading...