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U.K. Lawyers Fear Spike In Abuse
U.K. lawyers are warning that market abuse such as insider trading will be more prevalent and more difficult to control during the current market turmoil than in previous crises. Professionals fear the increasing popularity of spread betting and the almost unprecedented volatility of stock prices will create greater temptation, and are concerned that compliance department cut-backs will reduce financial institutions' ability to prevent and spot violations.
In the U.K., gamblers can bet on whether shares will go up or down and earn profits or lose money in increments depending on how much the stock ...
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