Abstract: Weavering was the UK’s first major fraud involving an investment manager regulated by the FSA. A Swedish PM, Magnus Peterson, ran a $639 million Global Macro scheme for almost 5 years, transferring all losses to its related entity. All related parties, including existing investors, directors, auditor and administrator, failed to recognize the fraud despite […]

As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistle-blower were ignored – The Observer, Sunday 3 April 2011 Martin Woods, a Liverpudlian in his mid-40s, joined the London office […]

A Court of Appeal ruling could give advisers a reprieve from an offensive tactic commonly used by claims management companies. Breaching the regulator’s Conduct of Business rules does not give rise to a compensation claim if the investment is suitable, a Judge reminded a court in a judgement passed earlier this year. In a judgement […]

 HSBC MIDDLE EAST (HBME): INVESTIGATION (P.10/2013) – COMMENTS Presented to the States on 5th March 2013 by the Chief Minister. These comments are presented by the Chief Minister, but are brought with the agreement of the Minister for Economic Development. http://www.statesassembly.gov.je/AssemblyPropositions/2013/P.010-2013Com.pdf 1. Proposition P.10/2013 of Deputy G.P. Southern of St. Helier asks the States to […]