Claire Cross quoted in Bloomberg on recent blow to cum ex investigations

Partner Claire Cross has been quoted in Bloomberg on the news that a trader’s cum ex case has been halted as a UK Judge put the brakes on one of the most advanced cases in the market watchdog’s investigations into a European wide tax scandal.

“This case represents a serious rap over the knuckles” for the FCA’s enforcement division. The case also exposes what appears to be a startling lack of energy and motivation to investigate what amounts to the biggest financial scandal since Libor rigging over a decade ago,” said Claire.

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