Breaking News

Tweet TWEET

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 bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.