(January 31 – 15:40 ET) – The Financial Times is reporting that the U.K.’s super regulator, the Financial Services Authority, is getting new powers to act against directors who breach stock exchange rules on insider trading.

Under the rules, which come into force in summer, the FSA will have the power to levy fines on former directors as well as companies and directors who remain on the job. Currently the FSA only has the power of censure.

The FT says these new powers come on the heels of several high-profile cases where institutional investors have questioned directors’ trading activity.
-IE Staff