CRA has published a report for the Financial Services Authority on commission disclosure in the UK commercial general insurance market. CRA was asked to examine the question of whether commission transparency (or lack thereof) within the commercial general insurance market leads to market failure and whether a mandatory commission disclosure regime (as opposed to the current “on request” disclosure) would generate benefits greater than the costs of intervention.
Layered orders and spoofing allegations
Spoofing charges made headlines recently when jurors in an Illinois court convicted two former JP Morgan precious metals traders, Gregg Smith and Michael...