Red Lion Chambers is at the forefront of financial services regulation, providing clients with an invaluable range of commercial and practical legal services.
Members regularly advise, defend and prosecute on all regulatory and criminal matters brought by the Financial Conduct Authority (FCA) and we have the expertise to assist clients on a multi-jurisdictional basis.
Chambers as a whole undertakes defence and prosecution work. This provides us with a tactical advantage, whereby we can apply a strategic acumen and intellect based upon a balanced and informed perspective.
Chambers has been instructed in every major FCA prosecution, from Operation Saturn, the flagship insider dealing prosecution in 2012, to Operation Tabernula in 2016, the largest and most complex insider dealing case to date.
We have also represented clients in associated Serious Fraud Office (SFO) prosecutions, which arose out of FCA probes into market manipulation by institutions and individuals, of which the most notable were the global investigations into the LIBOR and the Forex scandals.
We have considerable experience in assisting organisations to comply with and, where appropriate, resist search warrants using judicial review or private action.
Our expertise in this area means that our advice is frequently sought by corporations in receipt of FCA warrants during investigations. Many of our barristers also provide training and guidance to commercial lawyers on these matters and related concerns such as the ambit of legal professional privilege.
Financial Reporting Council
Our members are also frequently instructed in major investigations undertaken by the Financial Reporting Council (FRC), the UK’s independent regulator for corporate governance and reporting.
FRC investigations relate to the professional standards of those within the financial reporting sector, including accountants, actuaries and auditors. These investigations may lead to proceedings taken before their respective Accounting and Actuarial Disciplinary Boards, where Red Lion Chambers can provide expert representation.