Tag Archives: FCA

UK Investment Consultants and Fiduciary Management Services Under Investigation

The UK competition regulator, the Competition and Markets Authority (CMA), will be conducting in-depth investigations of investment consultancy and fiduciary management services after the Financial Conduct Authority (FCA) initiated an investigation.  The CMA has a wide range of powers enabling them to investigate and impose remedies.  Industry participants should expect requests from the CMA to … Continue Reading

FCA Acquires New Competition Powers; Increased Regulatory Activity in Future

As of April 1, 2015, the Financial Conduct Authority (FCA) has acquired new functions and powers in relation to competition including powers under the Enterprise Act 2002 (the 2002 Act) to conduct market studies and make references to the Competition and Markets Authority (CMA), and powers under the Competition Act 1998 (the 1998 Act) to … Continue Reading

The FCA and the TAA: Sounds like an Alphabet Soup BUT All the More Reason to Ensure You Provide End Products Under Government Contracts from Designated Countries

This post was written by Andrew C. Bernasconi. As many government contractors are aware, the Trade Agreements Act (“TAA”) and its implementing regulations generally provide that the government may only acquire end products made in the United States or other “designated countries.” Government contracts frequently incorporate TAA regulations and require contractors to certify that products sold … Continue Reading

Expanded Scrutiny of Financial Institutions and Mortgage Lenders Through Expansive Use of the False Claims Act

This post was written by Wendy Schwartz and Andrew Bernasconi. The Justice Department has once again taken aggressive action against financial institutions and mortgage lenders – this time through a False Claims Act action that seeks more than 1.1 billion dollars in damages. On Tuesday, the government filed a complaint against mortgage lender MortgageIT and … Continue Reading

Finally, Some Good News For FCA Defendants

This post was written by Andrew C. Bernasconi and Nathan R. Fennessy. After Congress and the courts have spent the past few years making it easier for private citizens acting in the name of the government (also known as “qui tam relators”) and the government to maintain False Claims Act (“FCA”) cases, and eliminating many of … Continue Reading