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FSA’s Cole Wants Stiffer Penalties for Insider Dealing, FT Says

U.K. Financial Services Authority Business Conduct Unit’s Interim Head, Margaret Cole asked the government to increase the maximum sentence for dealing from 7 years to 10 years, the Financial Times reported, citing an interview. “A longer sentence is important because a lot of enforcement work is about sending messages that this is serious,” Cole said, according to the FT.

To contact the reporter on this story: Blanche Gatt in London at

To contact the editor responsible for this story: Colin Keatinge at

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