“If in doubt count it out!”: a review of the AIT criminal trial
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 27 February 2007
Abstract
Purpose
The purpose of this paper is to consider the outcome of the Financial Services Authority (FSA)'s first ever contested criminal prosecution of company directors accused of making misleading statements to the market.
Design/methodology/approach
The paper reviews the trial and the comments of the trial judge and court of appeal on sentence and confiscation.
Findings
This case shows the FSA's willingness to prosecute significant cases of market misconduct and how seriously the courts consider such behaviour.
Originality/value
This paper will be of interest to the directors and officers of listed companies, their professional advisers and regulatory lawyers.
Keywords
Citation
Hatt, S. and Burger, R. (2007), "“If in doubt count it out!”: a review of the AIT criminal trial", Journal of Financial Regulation and Compliance, Vol. 15 No. 1, pp. 108-115. https://doi.org/10.1108/13581980710727047
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited