Financial services and markets tribunal clarifies both its own jurisdiction and the scope of market abuse

Purpose - To report and comment on the tribunal case Phillippe Jabre v. FSA Design/methodology/approach - Outlines the facts and explains the decision reached. Findings - Had the tribunal resolved the market abuse issue otherwise it would have flown in the face of the realities of globally integrated financial markets and trading activity. Originality/value - The case sounds a reminder of the width of the rationale for legislating against market abuse and insider trading.