The Financial Conduct Authority ("FCA") has been unsuccessful in its
attempted prosecution of a former banker, Konstantin Vishnyak, for
destroying documents relevant to an FCA investigation brought against
him for suspected insider dealing offences. This marks the first time
the FCA has exercised its powers in connection with a destruction of
documents offence under section 177(3)(a) of the Financial Services and
Markets Act 2000 ("FSMA"). Despite the outcome, it illustrates the risks
for firms and individuals in using messaging systems such as WhatsApp.
https://bit.ly/2KmYt8chttps://bit.ly/2KmYt8c+--
Peterk
Dallas, Tx
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me how I should live my life, since I’m so obviously incapable of
deciding for myself.” M. Hashimoto