Financial services and markets tribunal further clarifies scope of market abuse regime

Abstract

Purpose

To report and comment on the tribunal case James Parker v. FSA.

Design/methodology/approach

Outlines the facts and explains the decision reached.

Findings

An applicant's failure to abide by an employer's internal notification rules and clearance procedures applicable to personal account dealings led the Tribunal to doubt the honesty of that applicant and the plausibility of his proffered explanation.

Originality/value

The case highlights the factors that may influence a future Tribunal in deciding whether to reject or accept an applicant's arguments as to the motivation for and innocence or otherwise of his behaviour.

Citation

Gray, J. (2007), "Financial services and markets tribunal further clarifies scope of market abuse regime", Journal of Financial Regulation and Compliance, Vol. 15 No. 1, pp. 122-125. https://doi.org/10.1108/13581980710727065