Year Sees a Sharp Rise in Watchdog Fines

Summary


FINES levied by the UK markets watchdog nearly tripled during 2010 to a record pounds 89m as the regulator stepped up enforcement action in the wake of the financial crisis.

The Financial Services Authority (FSA) imposed the largest fines in its history on JP Morgan and Goldman Sachs, while it also banned 60 people from working in the financial sector.

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Extract


Year Sees a Sharp Rise in Watchdog Fines

The figure for penalties, which was di...

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