The Financial Services Authority.

PositionBrief article

The Financial Services Authority has secured its first successful prosecution for market misconduct. The former chief executive of the AIT Group, Carl Rigby, and its former FD, Gareth Bailey, were found guilty of recklessly making a misleading statement.

Southwark Crown Court found that the pair had deceived the market in 2002 by claiming that their company would meet profit forecasts...

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