Gosling's Grouse on Rambourg

So Guillaume Rambourg finds himself exonerated, as we always knew he would, while the FSA is allowed to walk away scot-free despite being the real villain of the piece.

And who is going to take the wrap for almost ruining someone’s career, let alone the damage to the interests of Gartmore unitholders and shareholders? The Rambourg case looked strange from day one. Did Gartmore really need to suspend him for allegedly pushing trades to favoured brokers? And did the FSA need to make a public announcement on the matter at the same time the markets were rife with stories about insider trading? The answers are ‘No’ and ‘No’, and in the aftermath the only person otherwise to be apportioned any blame was a member of the Gartmore compliance team, who had ...