Raj Rajaratnam's arrest: can the FSA match the might of the SEC?
26-Nov-2009 | Banking & Finance, Financial Institutions & Services
On 16 October 2009, billionaire Raj Rajaratnam of Galleon Group was arrested on charges of insider dealing. The arrest highlights the Securities and Exchange Commission's willingness to use aggressive investigative methods. It seems instructive to compare the investigative powers of the respective regulators to assess whether the Financial Services Authority can match the zeal of its US counterpart.
Lawyers Shane Gleghorn
This article was written by Shane Gleghorn and Caroline Scullion and appeared in the November edition of Practical Law Company and is reproduced with the kind permission of the editors.
