Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, June 3, 2010

FSA Loses Inside-Trading Prosecution

In some news from across the Pond -- the Wall St. Journal reports that the UK's equivalent of the SEC, the FSA, was stunned when a jury acquitted (after less than 2 hours) two individuals of trading on inside information.  FSA has been known as a "toothless tiger," but has been trying to beef up its reputation as a tough enforcer.  In this era of regulatory reform, it is under some pressure to show it can win a big case.  WSJ, Loss of Insider Case Is Blow to FSA

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