BusinessWeek – Gartmore Group Ltd.’s suspension this week of hedge-fund manager Guillaume Rambourg underscores heightened caution among U.K. companies as the Financial Services Authority cracks down on illegal trading.
“A number of people said this sounds like this is a little bit too far, too much of a wrap on the knuckles,” Jeffrey Meyer, chief executive officer of London-based Gartmore, said in a telephone interview yesterday. “But we were in consultation with the FSA. We got their views on the situation.”
