Memorandum by the Knight Williams Investors'
Action Group (KWIAG)
This evidence is submitted by Kenneth Jordan
on behalf of the hundreds of investors whom he represents as co-founder
and Chairman of the Knight Williams Investors' Action Group (KWIAG).
The purpose of this submission of written evidence
is to bring to light what has happened in the past so that the
mistakes and flaws of implementation of the 1986 Financial Services
Act will not be repeated in the Financial Services and Markets
Bill. That consideration is of over-riding importance in this
This submission, while written in the first
person, is based materially on hard written evidence to be found
in thousands of letters to HM Treasury, Members of Parliament,
FIMBRA, SIB, FSA, and ICS, and of course to KWIAG.