Financial Services Investigations

“They're one of the firms that is right at the top of the scale. They're very experienced in handling the big cases. They're extremely well resourced and I've never had anything other than a good experience with them."

Chambers UK 2020 – A Client’s Guide to the UK Legal Profession

We are well known advisers to individuals and companies in the financial services industry who find themselves under the spotlight for regulatory or criminal matters.


Our clients have included senior management in banks, traders, hedge fund managers, brokerage houses, London branches of overseas institutions, wealth managers and administrators, mortgage brokers, investors and company advisers as well as IFAs, fintech companies, cryptocurrency providers, accountancy firms, insurers, FDs and CFOs within corporates amongst others.

The financial services sector has long been highly regulated. Since the 2008 financial crisis, however, scrutiny, regulation and intervention have increased substantially with the Government demanding greater accountability and regulators needing to be seen to take a tougher and more proactive approach.

As a result, in recent years we have seen record levels of fines and a rise in prohibitions and restrictions against individuals and companies in the industry for regulatory misconduct and disciplinary breaches.

Investigations in the financial services sector are conducted by a number of agencies, including:

  • The Financial Conduct Authority (FCA)
  • The Prudential Regulation Authority (PRA)
  • The Financial Services Compensation Scheme (FSCS)
  • The Serious Fraud Office (SFO)
  • City of London Police (CoLP)
  • HM Revenue and Customs (HMRC)
  • The Financial Reporting Council (FRC)

Parties based in the UK may also find themselves subject to multi-jurisdictional investigations, involving the US Department of Justice (DOJ), the Securities and Exchange Commission (SEC) and/or other international regulators and prosecutors.

We have an established and highly experienced team of defence lawyers representing individuals and companies from all parts of the financial world on regulatory and criminal issues.

We provide intelligent and tactical representation to protect and advance the interests of those under investigation and have been involved in a wide-range of matters from technical regulatory beaches to complex criminal trials. We are widely considered the go-to firm for those in the financial sector facing potential criminal action.

Please see below for more information about the specialist services we offer or contact a member of our Financial Services team:

What clients and directories say

They have an excellent reputation, they have a very broad team and they have strength in depth."

Chambers UK 2020 - A Client's Guide to the UK Legal Profession

One of the few original boutique white collar firms to truly develop an expertise in corporate contentious financial services work."

Legal 500 UK 2020

Straddles the overlap between contentious regulatory work and financial crime."

Chambers UK 2020 - A Client's Guide to the UK Legal Profession

First choice for traders and City individuals under investigation."

Legal 500, 2019

...they are one of the only firms who can represent individuals in tricky financial cases."

Chambers & Partners, High Net Worth Guide, 2019

They are excellent - really experienced, careful practitioners."

Chambers and Partners, 2019

Their strength in depth is superb, and they've got expertise at all levels"

Chambers and Partners, 2019

They have a very measured, effective way of dealing with the opposition. They are a very collaborative and cohesive team, and completely reliable."

Chambers and Partners, 2019

They are excellent - really experienced, careful practitioners."

Chambers and Partners, 2019

They pick up some fantastic work, they have some fantastic clients and they have a skill of trying to get rid of matters before they go too far."

Chambers High Net Worth Guide 2018

The country's premier niche white-collar firm. They're very savvy and understand how the corporate world works."

Chambers UK, 2017

...'Widely regarded as a go-to team for contentious financial services matters involving a criminal litigation element. Excels at representing individuals and corporates in FSA and SFO investigations'."

Chambers UK, A Clients Guide to the UK Legal Profession

Kingsley Napley LLP does an ‘excellent job representing individuals involved in financial services disputes and regulatory investigations'. The firm excels at handling enforcement matters where there is a potential criminal law element such as insider dealing and market abuse."

Legal 500 UK

 

Good financial services practice, particularly in relation to FCA regulatory/disciplinary issues.”

Legal 500 UK 2021

A premier outfit for individuals under regulatory investigations."

Chambers UK 2021

Excellent understanding of the regulatory framework, very responsive and commercially switched on.”

Legal 500 UK 2021

Bright and dedicated lawyers."

Chambers UK 2021

A highly competent and experienced team, who can turn their hands to anything in this sector.”

Legal 500 UK 2021

They are undoubtedly a really major player in this sector."

Chambers High Net Worth Guide 2020

One of the premier white collar defence teams in London."

Legal 500 UK 2020


Financial Services Investigations Insights

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Blogs

FCA issues new guidance on fitness and propriety assessments in the financial services sector

The new cryptoasset promotions consultation: widening the perimeter of FCA regulation

Fraud in the time of COVID-19 - The law enforcement response

Business Plan 2020-21: FCA remains vigilant to potential misconduct

COVID-19 and the FCA - Scams, short selling and more

In-house lawyers and general counsel take note: will your communications be privileged?

SFO guidance on co-operation: more carrot than stick?

Crunching the numbers: is the National Crime Agency right to seek additional funding?

FCA Business Plan 2019-20: A reflection of recent enforcement action

FCA Business Plan 2019-20: priority to make the UK’s financial markets a difficult target for criminals

FCA’s Guidance on Cryptoassets – welcome clarity

FCA has its knuckles rapped in Upper Tribunal costs decision

FCA sharpens focus on crypto cowboys

Reform of corporate liability – renewed calls for change

Financial Crime: Analysis of firms' data – first report

FCA to regulate Claims Management Companies and caps on fees introduced

FCA publishes first Decision Notice under the partly contested cases process

Search warrants at banks in the UK: what you need to know

Corporates in the spotlight: NCA and SFO confirm tackling money laundering a strategic priority

The FCA Annual Report 2017-18: Anti-Money Laundering takes centre stage

Search Warrants: the case for reform – costs

Search Warrants: the case for reform – an introduction

FCA: Criminal prosecutions for AML systems and controls failings – a step too far?

FCA Dear CEO letter on cryptoassets – a warning to firms

How to write a reference – Hincks v Sense Network Ltd

Transforming culture in financial services – keeping up with the debate

FCA consults on adding Market Abuse to the Financial Crime Guide - might firms now face criminal prosecution?

Share scheme fraudster pleads guilty to perverting course of justice in proceeds of crime case brought by Financial Conduct Authority

Litigation privilege in internal investigations – a more “realistic” approach

MiFID II – an introduction

FCA sounds warning on retail CFD market

FCA fines experienced bond trader for negligent market abuse

FCA fine AIM-listed company for failure to disclose inside information in line with Market Abuse Regulations

FCA: New Focus on Market Manipulation and Non-Equities Market Abuse

Transaction Reporting fine highlights the importance FCA places on correct data

Financial Conduct Authority: The level of suspicious transaction reports soars, and is set to keep on rising with new EU rules

FCA Enforcement: The calm before the storm?

#Brexit: Lords examine financial regulation and supervision

FCA proposes extension of senior managers regime

The extension of the Senior Managers and Certification Regime

OPBAS – FCA consults on the “supervisor of supervisors”

Privilege, Confidentiality and the Challenge of Modern Technology

PEPs and anti-money laundering: The FCA issues guidance

Highlights from the FCA Enforcement annual performance account 2016/17

FCA Annual Report 2016/17: conducting regulation with confidence

Anti-Money Laundering: new rules and regulations in play

FCA Investigations – the evolving approach

FCA prepares for Fourth Money Laundering Directive

Tough action against solicitor who laundered proceeds of bogus investment scheme

Brexit and the general election – UK misses implementation deadline for European Investigations Order Directive

FCA guidance on how firms should deal with PEPs: a proportionate approach

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