{"id":10035,"date":"2009-03-05T00:00:00","date_gmt":"2009-03-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"fsa-faces-multimillion-claim-for-failing-to-stop-terry-freeman-trading","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/fsa-faces-multimillion-claim-for-failing-to-stop-terry-freeman-trading.html","title":{"rendered":"FSA faces multimillion claim for failing to stop Terry Freeman trading"},"content":{"rendered":"<p>Times Online &#8211; The Financial Services Authority is facing a multimillion-pound compensation claim from a group of investors who say that the City watchdog failed to stop the activities of a suspected rogue trader. <\/p>\n<p> Former clients of GFX Capital Markets, which has collapsed with estimated losses of &pound;44 million, say that the FSA knew of serious concerns about its boss, Terry Freeman, but allowed him to continue trading. <\/p>\n<p> The accusation comes as the regulator is struggling to cope with the most serious loss of public confidence in its decade-long history. It was accused of being negligent in its monitoring of Northern Rock, the mortgage lender that was nationalised last year, and the regulator&rsquo;s chairman, Lord Turner of Ecchinswell, has been forced to draw up radical plans to improve its ability to police the City.<\/p>\n<p><a href=\"http:\/\/www.timesonline.co.uk\/tol\/news\/uk\/crime\/article5848036.ece\" target=\"_self\">Read Complete Article <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; The Financial Services Authority is facing a multimillion-pound compensation claim from a group of investors who say that the City watchdog failed to stop the activities of a suspected rogue trader. Former clients of GFX Capital Markets, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8604,1598,7586,734,8602,1412,1331,5218,4504,129,3217,8601,7193,3535,8603,8600,2277],"class_list":["post-10035","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-accusation","tag-boss","tag-capital-markets","tag-chairman-lord","tag-compensation-claim","tag-decade","tag-financial-services-authority","tag-fsa","tag-investors","tag-losses","tag-mortgage-lender","tag-multimillion-pound","tag-public-confidence","tag-rogue-trader","tag-serious-concerns","tag-terry-freeman","tag-watchdog"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10035"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10035\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}