Financial Services Law Cases
Below are recent financial services law cases from our CaseCheck archive, including information on advisory financial services, business financial services, FSA law, financial services regulation and banking law. To view the full archive of case law, visit our Court Cases page. To search the full database please register with CaseCheck for free today.
FSA v Bank of Scotland plc 9/3/12  -  The FSA decided to issue the Bank of Scotland plc to a public censure and not to impose a fine given that sufficient public funds had already been used to deal with the consequences of the serious misconduct. ... more...
FSA v McGregor 8/3/12  -  The FSA has fined Mr McGregor, the former finance director of Royal Liver Assurance Ltd, £109,000 and prohibited him from performing any function in relation to any regulated activity in the financial services industry. The FSA decided that Mr McGregor's misconduct warranted a penalty of £1 million,... more...
Suspension of shares in CPP Group Ltd 20/2/12  -  The FSA has agreed to the suspension of the listing in shares of CPP Group Ltd following discussion around the sales of CPP's card protection and identity protection products.... more...
FSA v Mudge and Lewis 21/2/12  -  The FSA obtained an interim injunction against Mr Mudge and Mr Lewis to prevent them from accepting any further investments in the Churchgate Trading Syndicate.... more...
FSA v Osborne 16/2/12  -  The FSA fined Mr Osborne, the former Managing Director in Corporate Broking at Merrill Lynch International, for engaging in market abuse by improperly disclosing insider information ahead of a significant equity fundraising by Punch Taverns Plc.... more...
In the Matter of Lehman Brothers (SC) 29/2/12  -  Under Chapter 7 of the Client Assets Sourcebook a statutory trust arose on a firm's receipt of client money; participation in the notional client money pool was not dependent on actual segregation of client money; and the primary pooling arrangements applied to client money held in house accounts.... more...
FSA v Osborne 16/2/12  -  The FSA fined Mr Osborne, the former Managing Director in Corporate Broking at Merrill Lynch International, for engaging in market abuse by improperly disclosing insider information ahead of a significant equity fundraising by Punch Taverns Plc.... more...
FSA v Monobank 12/2/11  -  The FSA has obtained a court order against Monobank Plc for an interim payment of €77,000 for return to the victims of a boiler room scam following promotion of its shares to UK consumers and the company becoming listed on the Frankfurt Stock Exchange's First Quotation Board. The FSA is attempting to... more...
FSA Consultation Paper on Large Exposures Regime 26/1/12  -  The FSA published its consultation paper on proposed changes to the cap on a firm's total exposure to a counterparty or groups of connected counterparties of more than 10% which is currently not allowed to exceed 25 per cent of capital resources. ... more...
FSA publishes mortgage switching guidance 20/1/12  -  The FSA has published guidance on terms in interest-only mortgage contracts that allow customers to switch to a repayment mortgage and their legality under the Unfair Terms on Consumer Contracts Regulations 1999. The FSA considers that the terms are likely to be unfair because of the breadth of discretion... more...
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