Julie Cooper – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Julie Cooper on 2016-01-21.

To ask Mr Chancellor of the Exchequer, how many people who work in the City of London have been prosecuted for a crime relating to financial misconduct since 2008.

Harriett Baldwin

We are unable to specifically identify whether alleged offenders prosecuted for committing a crime relating to financial misconduct worked in the City of London or any other geographical area. There are many criminal offences that could be construed as ‘relating to financial misconduct’ which are prosecuted by a number of differing authorities and a detailed answer could only be obtained at disproportionate cost.

Since 2009 the Financial Services Authority and the Financial Conduct Authority have prosecuted 59 individuals for offences including insider dealing, breaching the general prohibition and creating false or misleading impressions or statements, seven of whom were acquitted.