FSMA has recently handed down its decision dismissing appeals of Atlantic Law LLP
The Financial Services and Markets Tribunal has recently handed down its decision dismissing the appeals of Atlantic Law LLP and Andrew Greystoke against the financial penalties imposed by the FSA, and the orders prohibiting Mr Greystoke from performing any function in relation to any regulated activity carried by an authorised person, exempt person or exempt professional firm, and withdrawing his approval to perform controlled functions (http://www.tribunals.gov.uk/financeandtax/Documents/decisions/atlanticLaw.pdf). The decision addresses the responsibility of a solicitor and his firm when acting as an authorised person in approving promotions by unauthorised overseas persons. Timothy Dutton QC and Richard Coleman acted for the FSA.