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Shares: Sales Methods

Treasury written question – answered on 21st May 2008.

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Photo of Nigel Evans Nigel Evans Conservative, Ribble Valley

To ask the Chancellor of the Exchequer what recent discussions he has had with the Financial Services Authority on illegal share sales by boiler room operations; and if he will make a statement.

Photo of Kitty Ussher Kitty Ussher Economic Secretary, HM Treasury

The Chancellor meets senior members of the FSA on a regular basis to discuss a wide range of economic and financial issues.

Other Treasury Ministers are also closely engaged with the FSA, other Government departments and law enforcement agencies in discussions on counter-fraud work. An inter-ministerial group met in April, for instance to discuss priorities for the National Fraud Strategic Authority.

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