29 September 2011

Being Investigated By The FSA? Here Are Vital Facts That You Should Understand

By Stacy Eddy Parker


As the financial services sector regulatory body, the FSA can exert a great deal of power. If you are facing investigation by the FSA (Financial Services Authority), FSA defence lawyers will be the first people you want to contact. Thanks to recent enhancement of FSA powers, they are quite concerned with enforcement. The FSA particularly deal with investigations that inspect fraud and insider trading, so your FSA defence lawyers London will be experienced in advising on this subject.

The FSA have also been known to have somewhat draconian powers over seizure of assets, leading to the need for defence lawyers that can ease your worries. They will also use investigative and prosecution powers, further underlining the need for a specialist knowledge of the law.

The following are issues that can be advised on by FSA defence lawyers:

Breaches of FSA principles

Unauthorised collective schemes

Interviews with the FSA

Abuse relating to the market

A Hearing with the RDC (Regulatory Decisions Committee)

Restraining of assets. The authorities in question may apply broad reaching rules to enable seizure of financial assets.

Dawn raids and search and seizure

Insider trading is a big point of interest with regards to FSA investigations. One definition of insider trading is when an insider uses information not available publicly to trade securities or assets for personal gain. Some people define parts of insider trading as legal activity, which is where FSA defence lawyers can step in and help prove innocence. In fact, a specialist lawyer is a must in these cases as they possess a particularly well rounded skillset and knowledge of this area of the law.

Being falsely accused of something like fraud or identity theft can incur a great deal of stress on a person caused by legal situations and proceedings. FSA defence lawyers will know this part of the law extremely well, so you can expect them to help alleviate stress and worry that may arise. Financial problems can also occur when your assets are frozen without warning. This highlights yet another reason why employing a specialist lawyer is vital, in order to protect your rights and other assets.




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