Unredacted and presented as received, Greg Newton at Naked Shorts has a copy of the FSA’s rumour questionnaire – aka A Thematic Review of Firm’s Policies Regarding Market Rumours. Sent out, apparently with no shame, to practising market professionals.
Replete with such undodgeable forensic interrogatives as;
- What is your assessment as to the typical volume of rumours received per day?
- Do you notice any significant patterns in the rumours you receive?
Using the crayon enclosed, can you draw this pattern?
Notes Newton:Had this emanated from the US Securities and Exchange Commission, it would have run at least 30 pages but the FSA has the advantage of operating a principles-free light-touch regulatory system that is at least as ineffectual at catching robbers on their way into the bank. but a whole lot cheaper.Related links
My lawyers couldn’t stop laughing – Fintag