INTERNET INVESTMENT FRAUD IN THE UK

Recently, the United Kingdom (“UK”) recognized the need to establish a single statutory regime for dealing with investment fraud. In addition to its own laws, the UK has incorporated the European Union (“EU”) directive for combating investment fraud. The recent EU and UK legislation will hopefully strengthen the capital market regulatory framework and improve business efficacy, which will, in turn, further enhance investor protection. This article will answer the following questions: How does the FSMA 2000 improve upon prior legislation prohibiting investment fraud; What areas does the Financial Services Authority (FSA) regulate; How has the FSA implemented the provisions of the FSMA 2000 to apprehend and prosecute securities fraudsters? What is the scope of the FSA’s authority; and What is the significance of the FSA's new statutory powers in respect of effectively combating cyber fraud.

The following questions have been addressed in this article:

How does the FSMA 2000 improve upon prior legislation prohibiting investment fraud?
What areas does the Financial Services Authority (FSA) regulate?
How has the FSA implemented the provisions of the FSMA 2000 to apprehend and prosecute securities fraudsters?
What is the scope of the FSA’s authority?
What is the significance of the FSA's new statutory powers in respect of effectively combating cyber fraud?

Continue...

Facebook Twitter RSS