City Watchdog Sees 80-Per Cent Increase in Fines for Breaching Market Rules
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Summary
THE Financial Services Authority meted out pounds-22.25m in fines to companies which breached stock market rules last year, a figure inflated largely by regulatory action taken against oil giant Shell.
According to the City watchdog's annual report, published yesterday, the total for fines levied during 2004-05 was 80-per cent higher than the pounds-12.4m imposed during the previous 12 months.See the full content of this document
Extract
City Watchdog Sees 80-Per Cent Increase in Fines for Breaching Market Rules
Last year's biggest single penalty was the pounds-17m handed to Shell after the firm broke the stock...
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