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+ - Complaint to FSA on Phorm's statements to market->

Submitted by
AlexanderHanff
AlexanderHanff writes "NoDPI have sent a letter of complaint to the Financial Services Authority (FSA) regarding Phorm Inc.'s statements to the press and market news services regarding support of legal compliance from various UK Government Departments and Regulators.

Phorm claim that the Information Commissioner's Office (ICO), the Home Office and the Department for Business, Enterprise and Regulatory Reform (DBERR or BERR) have all cleared Phorm's WebWise technology as being fully compliant under UK and EU Law.

This is contrary to action taken by the European Commission earlier this week, who have initiated legal proceedings against the UK Government specifically for failing to uphold and enforce EU Privacy Directives regarding Phorm's covert trials with BT in 2006/2007.

Furthermore, NoDPI have produced statements from DBERR, ICO and the Home Office which contradict Phorm's statements to the press and market news services this week.

NoDPI are calling for the FSA to investigate whether or not Phorm's statements to the market can be seen as breaking the rules of trading as they are misleading and could even be interpretted as fraudulant."

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