Syed Rahman considers the FCA’s efforts to tackle market abuse
Syed Rahman wrote a piece assessing the approach that the Financial Conduct Authority (FCA) takes to market abuse.
In an article published by FT Adviser, Syed explains the forms that market abuse can take. He also examines the FCA’s statistics for the number of investigations into market abuse it has opened in recent years.
Syed emphasises that while market abuse accounts for around a third of FCA criminal investigations and dual-track investigations, the FCA conviction rate in this area is only 40%.
His article outlines the FCA approach to market abuse that is contained in its “Our Strategy 2022 to 2025’’ document. This document, Syed says, makes it clear that tackling market abuse is a priority for the FCA.
He underlines the need for firms to ensure their market abuse assessments are up to date and fit for purpose.
The full article can be read here.
