§ Ms. Mowlam
To ask the Secretary of State for Trade and Industry how often those offences under the Financial Services Act concerning (i) inducing another person to enter an investment by knowingly making a false or misleading statement, (ii) knowingly engaging in any act or course of conduct which creates a false or misleading impression of the market and (iii) inducing another person to enter an insurance contract by knowingly making false or misleading statements have been used.
§ Mr. John Patten
I have been asked to reply.
Records available to my Department show that no persons had been prosecuted under the Financial Services Act 1986 up to the end of 1988.