Immunity hopes in crackdown.
The Government was urged to grant the Financial Services Authority (FSA) US-style powers in the wake of last week's slump in a major bank's share price amid claims of market manipulation.
A London-based hedge fund was reported to have circulated rumours about UK companies, including Britain's biggest mortgage lender HBOS in a bid to make money when their share prices fell.
Mr Darling told the Guardian he wanted to see a crackdown.
He said: "I can't allow us to get into a situation where people quite deliberately manipulate markets for personal gain and with the potential to destabilise the financial system."
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|Publication:||Huddersfield Daily Examiner (Huddersfield, England)|
|Date:||Mar 28, 2008|
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