Legal & General fine halved after FSA battle
The Financial Services Authority and Markets Tribunal has slashed the £1.1m penalty imposed on Legal & General (L&G) by the Financial Services Authority (FSA). The Tribunal yesterday, 26 May 2005, reduced the fine imposed on L&G to £575,000 by the FSA in the high-profile case involving the mis-selling of mortgage endowments. However, the Tribunal made […]