Most financial service practitioners believe the FSA is losing its fight to stamp out insider dealing, research suggests.
Six in 10 respondents to a Chartered Institute for Securities & Investment (CISI) survey said they think the regulator is failing to make any real progress in curbing the practice. The findings come despite recent action taken by the FSA to curb insider dealing. Last month, the FSA arrested a total of seven City financiers allegedly involved in what it called a "sophisticated and long-running insider dealing ring". No charges have yet been brought. In another, unrelated, case, star Gartmore money manager Guillaime Rambourg was suspended at the end of March pending the outcome of an...
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