1. See R Bosworth-Davies, “Deviant Legitimacy-A Theory of Financial Crime”, (1997) 4Journal of Financial Crime7. Consumer groups, such as the National Consumer Council, often work to challenge this “myth” by identifying flaws in the profession's self regulatory mechanisms and calling for external regulation.
2. See, AI Ogus,Regulation—Legal Form and Economic Theory, (Oxford, Clarendon Press, 1994), p. 107.
3. See J Allaker and J Shapland,Organising UK Professions: Continuity and Change, Law Society Research and Policy Planning Unit, Research Study No 16, at 35.