| Source: | All England Reporter |
| Publisher Citation: | [2012] All ER (D) 153 (Sep) |
| Court: | Upper Tribunal (Tax and Chancery Chamber) |
| Judge: | Judge Colin Bishopp, Ms S. O'Neill and Mr C. Chapman |
| Representation | Jonathan Barnard (instructed by) Kingsley Napley for C. |
| S and D appeared in person. | |
| Andrew Mitchell QC for the FSA. | |
| Judgment Dates: | 28 September 2012 |
Catchwords
Financial Services - Financial Services Authority (FSA) - Prohibition Order - Market Abuse - Share price manipulation - Applicants being persons approved by FSA - Applicants instructed to deliberately push up prices of certain stocks - FSA subsequently withdrawing applicant's approval and imposing fines - Whether applicants fit and proper persons to perform functions to which approval related - ,,,
The Case
Financial Services Financial Services Authority (FSA). The Upper Tribunal (Tax and Chancery Chamber) upheld the decision of the Financial Services Authority (the FSA) to withdraw the approvals of two FSA approved persons, and to impose substantial fines on them for market abuse where they had deliberately increased the closing prices of certain stocks in December 2007 in an attempt to increase the net asset value of a fund.
Practice Areas
Lexis®Library
- An Official transcript is the final version of the judgment prepared by shorthand writers. LexisLibrary contains all judgments from the High Court and aboveView Judgment
- Commentary discussing this particular case from LexisLibrary's comprehensive range of titles including Butterworths, Halsbury's and TolleyView related commentary
- The All England Law Reports comprises judgments with headnotes and catchwords indicating the area of law and key issues of the case prepared by legally qualified editorsFind AllER Reports
- Cases related to this particular case that are related to, or discuss this caseView related cases