SEC, British-Style
Article Abstract:
Jim Gowen wants to protect British investors. He recently published a report for the Department of Trade and Industry (DTI) that calls for broad new regulations. Existing United Kingdom laws are inadequate to protect investors in many instances. His recommendations would make any investment activity a criminal offense if it was not registered with either an authorized self-regulatory agency of one of the DTI umbrella agencies, the Council for the Securities Industries (CSI). Gowen believes that certain branches of the investment industry cannot remain exempt from all legal regulation or surveillance of their activities.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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Virgin Group
Article Abstract:
Richard Branson is a British entrepreneur who has made his fortune with entertainment products, records, books, recording contracts, and more. He is owner of Virgin Group, which encompasses these products. Virgin has just expanded into the airline industry. Virgin Atlantic Airlines will begin flying between London and New York on June 22 for $138.00 one way. Virgin Atlantic has leased one 747 plane. Branson believes he will be successful if he keeps an eye on his cash flow and does not overextend himself. His businesses employ about 1,600 people. He and his company set up about one new business per month.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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Whose Cup of Tea?
Article Abstract:
Cecil Parkinson, Britain's minister for trade and industry, has forced the Office of Fair Trading (OFT) and the London Stock Exchange to accept a compromise solution to the issue of reforming the exchange. The exchange is pleased with the compromise, but the OFT thinks it does not go far enough. The exchange did agree to introduce negotiated brokerage rates. However, free entry to the exchange still does not exist, and the distinction between brokers and market makers still remains. United States firms may become more interested in entering the British market as a result of the compromise.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1983
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