Reference Case Number: FOI11575
Freedom of Information: Right to know request:
1. How many full-time staff members have been specifically allocated to the investigation of market manipulation cases for each of the years 2021, 2022, 2023, and 2024? Please indicate any changes in the allocation of resources over this period.
2. Please provide a comprehensive list of all enforcement actions, including fines, penalties, and other disciplinary measures, taken by the FCA against financial institutions in relation to the use of instant messaging platforms such as WhatsApp, Signal, and any other similar platforms, from January 2021 to the present. For each action, please include the date, the financial institution involved, the specific violation cited, and the resulting penalty or action taken.
3. Please provide the annual budget figures allocated specifically to staff training programs focused on the identification and investigation of violations related to the use of instant messaging platforms by financial institutions. Break down the budget by training type, department, and year, from 2021 to the present.
4. Please provide the total number of market manipulation cases investigated by the FCA from January 2021 to the present, broken down by year. For each case, please include detailed information on the type of manipulation (such as spoofing, insider trading, etc.), the specific markets affected, the entities involved, and the outcomes of these investigations, including any enforcement actions taken.
5. What is the average duration of FCA investigations into market manipulation cases from 2021 to the present? Please provide the data broken down by year and include any insights on the factors contributing to changes in investigation timelines.
6. Please provide data on the number of cross-product market manipulation cases investigated by the FCA from 2021 to the present day. For each year, include details on the specific types of products involved (e.g., equities, derivatives, fixed income), the nature of the manipulation, and the outcomes of these investigations. Additionally, please indicate whether the FCA has observed an increase or change in the complexity of cross-product manipulation schemes during this period.