Three companies have been fined a total of £4.2m for failing to provide
accurate and timely financial data to the Financial Services Authority.
Credit Suisse received the largest fine of £1.75m, with Getco Europe hit for
£1.4m and Instinet Europe out of pocket to the tune of £1.05m.
The fines were for multiple breaches of requirements to submit accurate data
for transactions the day after the trade takes place. This data is used by the
FSA to identify market abuse, insider trading and market manipulation, reports
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements