Financial regulators, both in the UK and globally, are cracking down on individual cases of misconduct, bringing a total of 1,761 cases against people in 2016, according to a report by Duff and Phelps.
The corporate adviser has calculated the number of cases focused on individuals outnumbered those against firms by four to one, and was roughly the equivalent of seven cases for every working day of the year. The Duff & Phelps Global Enforcement Review covered six regulators across three continents -the Financial Conduct Authority (FCA) and Prudential Regulation Authority in the UK; the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission and the Securities and Exchange Commission in the US; and Hong Kong's Securities and Futures Commission (SFC). ...
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