New FSA crackdown on market abuse

The Financial Services Authority warned today that it intends to strengthen its attack on market abuse.

In its latest Financial Risk Outlook publication, it said: "We are focusing greater attention on pursuing market abuse committed by institutions, such as investment banks and hedge funds, whether involving market distortion or inappropriate use of or disclosure of insider information by individuals within these firms."

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions