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CITY VIEWS: do you think the fsa’s crackdown on insider

ADRIAN YEUNG | JP MORGAN CHASE

“Historically, it’s always been a hard thing for the Financial Services Authority (FSA) to crack down on. Proving intent is difficult. It’s the difference between insider trading and market abuse. I’m not sure it will produce the desired effect. It’s a lot easier to prosecute for market abuse than for insider trading and even that’s tricky.”


PATRICK MURPHY | WELBECK WEALTH MANAGEMENT

“I think an FSA crackdown will probably act as a deterrent to potential market abusers in the short term – the threat of prosecution would make anyone think twice – but the potential rewards are too high and I think there will always be those people who are willing to take the risk.”


ROSS JONES | CAZENOVE CAPITAL MANAGEMENT

'”I’m not sure it will deter people. If they’ve decided to do it, they’ll do it, regardless of regulation. The FSA is putting a lot of time and effort into pursuing market abusers – there have been several prosecutions recently – and I think that’s right. It isn’t fair for people to profit from information that isn’t public.”