Financial Services Authority

“The regulator is writing to more than 38,000 people whose names, addresses and telephone numbers are on the list.”

“The FSA believes UK investors lose hundreds of millions of pounds a year to boiler rooms, with the average loss per investor being put at £20,000.”

“The FSA banned a senior proprietary trader at Morgan Stanley, and fined the bank £1.4m. The watchdog said Morgan Stanley failed to spot a $120m (£76m) mismarking made by Matthew Piper fast enough, wh…”

“called for individuals caught insider dealing to face a £100,000 minimum fine.”

“could land companies with fines of up to 20 per cent of their incomes from the products linked with the fine.”

“an executive is charged £25,515 for failings in which customers of his firm were put at risk of financial losses on a product it sold them.”

“The consultation ends on 21 October”

“the rules are likely to take effect from February 2010”

“the Financial Services Authority (FSA) has unveiled plans to treble penalties for serious breaches of its rules, and called for individuals caught insider dealing to face a £100,000 minimum fine.”

“Alliance & Leicester was recently fined £10m for failings on its payment-protection insurance, but that figure would have been closer to £30m under the new regime.”

“individuals carrying out FSA-regulated activities face fines of up to 40 per cent of their income for failing to properly enforce regulatory controls.”

“In a case study provided by the FSA, an executive is charged £25,515 for failings in which customers of his firm were put at risk of financial losses on a product it sold them.”