Super SIB looks to fines for City fraudsters

From: The Independent - London | Date: October 19, 1997| Author: Richard Phillips | Copyright information

The UK regulatory regime is set for a radical shake up under the new Super SIB.

SIB, the Securities and Investments Board, has called for the introduction of civil penalties to hit various fraudsters and market manipulators in the pocket.

Traditionally regulation in the City veers between criminal proceedings and self regulation. Although criminal sanctions are a heavy deterrent, successful prosecutions are difficult to pull off. Self-regulation, on the other hand, has a tendency...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

Super SIB looks to fines for City fraudsters
The Independent - London ; The UK regulatory regime is set for a radical shake up under the new Super SIB. SIB, the Securities and Investments Board, has called for the introduction of civil penalties to hit various fraudsters and market manipulators in the pocket. Traditionally regulation in the City veers between criminal
City praise for SIB penalties
The Independent - London ; Calls by the Securities and Investments Board to introduce a system of civil penalties for market abuses and offences have been welcomed in general by City practitioners. The SIB's initiative, which began last week, also seems to chime with the mood of the Government. In a speech on Thursday,
MSHA to increase mine safety fines
Charleston Gazette ; kward@wvgazette.com Mining companies will pay 10 percent more in fines for safety violations, under a rule change announced Tuesday by the U.S. Mine Safety and Health Administration. MSHA said it would increase the maximum civil penalties from $55,000 per violation to $60,000. Agency officials said
Asbestos foundation opposes Hardie release from civil penalties
AAP General News (Australia) ; AAP General News (Australia) 06-06-2005 Asbestos foundation opposes Hardie release from civil penalties By Greg Tubby PERTH, June 6 AAP - The Asbestos ...
PIPELINE SAFETY:KATHERINE SIGGERUD
Congressional Testimony ; Congressional Testimony 06-16-2000 Statement of Katherine Siggerud, Director Physical Infrastructure Issues United States General Accounting Office Committee on House Transportation and Infrastructure Subcommittee on Highways, Transit and Pipelines June 16, 2004 Mr. Chairman and Members of the
Critiquing Laidlaw: congressional power to confer standing and the irrelevance of mootness doctrine to civil penalties.(standing in environmental lawsuits)
Duke Environmental Law & Policy Forum ; The Supreme Court's decision in Friends of the Earth, Inc. v. Laidlaw Environmental Services, Inc.(1) has been described accurately as a victory for citizens seeking access to federal court to enforce the Clean Water Act.(2) The decision makes the standing inquiry a mildly burdensome hurdle for
The Drug Bill and Decriminalization; Maximum Civil Penalty Will Be Far Lighter Than Under Current Law
The Washington Post ; Although hailed as a tough escalation in the war on drugs, the drug bill passed by Congress last week establishes civil penalties for personal drug use that some experts say opens the door to federal decriminalization of narcotics possession. The civil penalties provision, sometimes called the
U.S. Safety Agency's Powers to Diminish; End of Quorum Cuts Authority
The Washington Post ; When the Consumer Product Safety Commission returns to work Monday, it will not have the authority to adopt safety rules, order mandatory recalls of dangerous products, or impose civil penalties on companies that do not report product hazards immediately. The agency, which polices more than 15,000
The Drug Bill Would Punish Users
The Washington Post ; The Post's article "The Drug Bill and Decriminalization" {Oct. 28} leaves the erroneous impression that the civil penalties provision of the drug bill Congress recently passed will lead to decriminalization of illegal drugs. This is unfortunate because drug users who proceed under this
Mayfield funeral chapel to pay fines in settlement.
Paducah Sun (Paducah, KY) ; ... request a copy of Funerals: A Consumer's Guide. Copyright (c) 2007, The Paducah Sun, Ky. Distributed by McClatchy-Tribune Business News. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write ...