The FSA is under pressure today after the revelation that it sent sensitive regulatory information regarding enforcement actions against individuals to the wrong firm, writes The Scotsman.
The slip-up occurred as part of the ongoing struggle to thrash out a resolution to the split capital investment trust scandal, which currently involves some 21 firms suspected of having links to the so-called “magic circle” of splits managers investing in each others’ products. However, the enforcement actions described are linked to different issues than splits, and the firm that received the information - that is, suggested by the paper as one of the 21 splits providers - is quoted as being “gobsmacked” that such sensitive material could have gone astray in this way. ABBEY IS stuck ...
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