| Is breaching an Act a criminal offence?

Is breaching an Act a criminal offence?

Rangsam asked the question:


If a Company In Financial Services Traded without a statutory requirement are they commiting an offence and acting fradunantly.

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One Response to “Is breaching an Act a criminal offence?”

  1. rickinnocal on February 12th, 2009 11:46 am

    If they traded in violation of the law then yes, they committed a crime.

    That doesn’t necessarily mean that it was fraudulent, though - their trading may have been perfectly fair, but just not in compliance with a paperwork or registration requirement.

    Richard