The FSA has begun an investigation into trading in UK financial stocks after rumours led mortgage ba...
The FSA has begun an investigation into trading in UK financial stocks after rumours led mortgage bank HBOS to a record low. The authority said there had been "unfounded rumours" about UK financial institutions in the London market. "These have been accompanied by short-selling," said Sally Dewar, the FSA's head of wholesale and institutional markets. "We will not tolerate participants taking advantage of market conditions to commit abuse by spreading false rumours and dealing on the back of them."
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
