Business · Markets · 5 hrs ago
Treasury committee chair urges FCA probe after pre-Budget share surge
The Treasury select committee chairman has raised concerns about a surge in share prices before the Budget.
He wrote to the Financial Conduct Authority, the UK regulator responsible for financial markets.
The rise came hours before Healey's speech, according to the headline.
The timing prompted fears of possible market abuse.
The concern is that information about a bank tax plan may have leaked before it was announced.
The chairman has urged the FCA to investigate; no outcome is stated.
The chairman of the Treasury select committee urged the Financial Conduct Authority to investigate a surge in share prices before the Budget.
The rise occurred hours before Healey's speech, according to the article headline.
The committee chairman raised concerns about potential market abuse.
The article said the surge prompted fears of insider trading.
- Who
- The chairman of the Treasury select committee urged the Financial Conduct Authority to act.
- What
- The chairman raised concerns about potential market abuse after a pre-Budget share-price surge.
- When
- The surge was hours before Healey's Budget speech; the date of the speech is not stated.
- Where
- Not stated.
- Why
- The chairman was concerned about potential market abuse and fears of insider trading.
This story does not have two clearly opposing sides.
Share prices surged ahead of the Budget.
The Treasury select committee chairman wrote to the FCA raising concerns about potential market abuse.
- Committee chair
- Chairman of the Treasury select committee
- Regulator
- Financial Conduct Authority
- Timing
- Share-price surge occurred hours before Healey's Budget speech
- Concern
- Potential market abuse and insider trading fears