insider dealing – Current Awareness

UK courts back Petrofac boss in Italian insider trading row – Daily Telegraph

Posted January 25th, 2018 in appeals, bribery, foreign jurisdictions, fraud, insider dealing, news by tracey

‘The UK courts have backed Petrofac boss Ayman Asfari in his battle against Italian insider trading allegations by ruling that he was not served notice of the charges leveled against him by the Italian authorities. The High Court ruling backs Mr Asfari’s claim that the shock sanctions leveled against him last summer by the Italian authorities did not follow due process, meaning he was unable to defend himself against the charges before they were imposed.’

Daily Telegraph, 24th January 2018

Source: www.telegraph.co.uk

White collar crime prosecutions fall as offences rise – OUT-LAW.com

Posted July 31st, 2017 in bribery, computer crime, corruption, crime, enforcement, false accounting, insider dealing, news, prosecutions, Serious Fraud Office, statistics by sally

‘The number of white collar crime prosecutions in the UK fell by 12% between 2015 and 2016, despite a 4% increase in the number of reported offences.’

OUT-LAW.com,, 31st July 2017

Source: www.out-law.com

FCA increasingly favouring criminal prosecution in insider dealing cases, says expert – OUT-LAW.com

Posted October 3rd, 2016 in financial regulation, insider dealing, news, prosecutions by sally

‘The number of criminal investigations into cases of insider dealing opened by UK regulators increased by 175% over the last financial year and early figures indicate the total for 2016/17 will be higher still, an expert has said.’

OUT-LAW.com, 3rd October 2016

Source: www.out-law.com

The legal consequences of illegality: The Supreme Court’s judgment in Patel v Mirza – Cloisters

Posted August 25th, 2016 in appeals, contracts, illegality, insider dealing, news, Supreme Court by sally

‘When the Court of Appeal heard this claim, Gloster LJ began her judgment with what Lord Toulson in the Supreme Court called a “cri de coeur”.’

Cloisters, 26th July 2016

Source: www.cloisters.com

Former Schroders trader jailed for two years for insider trading – The Guardian

Posted June 14th, 2016 in financial regulation, insider dealing, news, sentencing by sally

‘Damian Clarke, a former equities trader at Schroders Investment Management, has been sentenced to two years in prison for insider trading.’

The Guardian, 13th June 2016

Source: www.guardian.co.uk

City insider traders sentenced to eight years in prison – Daily Telegraph

Posted May 13th, 2016 in financial regulation, insider dealing, news, sentencing by tracey

‘Two men who were part of the most complex insider dealing ring uncovered by the City watchdog have been sentenced to a total of eight years in prison.’

Daily Telegraph, 12th May 2016

Source: www.telegraph.co.uk

Disgraced former hedge fund manager Julian Rifat jailed for insider trading – The Independent

Posted March 20th, 2015 in guilty pleas, hedge funds, insider dealing, news, sentencing by tracey

‘The disgraced former hedge fund manager Julian Rifat was yesterday sentenced to 19 months in jail for taking part in a £285,000 insider trading scandal.’

The Independent, 20th March 2015

Source: www.independent.co.uk

Former Morrisons executive Paul Coyle jailed for insider trading – BBC News

Posted March 4th, 2015 in insider dealing, news, sentencing by sally

‘The former treasurer and head of tax at Morrisons supermarkets has been jailed for 12 months after pleading guilty to two counts of insider trading.’

BBC News, 3rd March 2015

Source:www.bbc.co.uk

Energy price riggers to face jail under new proposals – BBC News

Posted August 6th, 2014 in competition, consultations, energy, inquiries, insider dealing, news, price fixing, prosecutions, unfair commercial practices by sally

‘Anyone found guilty of rigging wholesale gas and electricity prices faces up to two years in jail, under new proposals by the government.’

BBC News, 6th August 2014

Source: www.bbc.co.uk

Patel v Mirza – WLR Daily

Posted July 30th, 2014 in appeals, banking, contracts, enforcement, illegality, insider dealing, law reports, news by sally

Patel v Mirza [2014] EWCA Civ 1047 ; [2014] WLR (D) 337

‘The claimant who had paid money to the defendant under an agreement to carry out an illegal scheme was not prevented from recovering the money by considerations of public policy if the scheme had not been implemented even if the claimant pleaded and relied on the illegality to recover the money.’

WLR Daily, 29th July 2014

Source: www.iclr.co.uk

Bank of England calls in leading QC to investigate forex-rigging claims – The Guardian

Posted March 13th, 2014 in banking, barristers, financial regulation, inquiries, insider dealing, news by tracey

‘The Bank of England has called in one of the most respected figures in the legal world, Anthony Grabiner QC, to investigate allegations that some of its staff may have been involved in manipulating the £3 trillion-a-day foreign exchange markets for almost 10 years.’

The Guardian, 12th March 2014

Source: www.guardian.co.uk

Chat Rooms and 21st Century Insider Dealing – Six Pump Court

Posted February 14th, 2014 in banking, financial regulation, insider dealing, internet, news by sally

‘Just when the bankers and financiers of the world thought it was safe to begin trading again in the shark infested waters of high finance after showing their contrition with the payment of multi-billion dollar fines to various regulators worldwide following the debacle of the Libor Scandal, a further scandal is looming which has the potential to dwarf Libor and lead to further collateral investigations into other asset classes across the board – welcome to the year of the Forex!’

Six Pump Court, 12th February 2014

Source: www.6pumpcourt.co.uk

Banker labelled ‘crazy miss cokehead’ wins harassment claim – Daily Telegraph

Posted November 5th, 2013 in bullying, employment tribunals, harassment, insider dealing, news, sex discrimination, unfair dismissal, whistleblowers by sally

“A Cambridge graduate and high flying banker could claim millions in compensation from the Russian bank she worked at after a tribunal found she was subjected to sexual harassment by her male colleagues.”

Daily Telegraph, 5th November 2013

Source: www.telegraph.co.uk

Former trader jailed for four years for insider dealing – The Independent

Posted March 12th, 2013 in insider dealing, news, sentencing by sally

“A former futures trader was yesterday sentenced to four years jail after being found guilty of insider dealing.”

The Independent, 12th March 2013

Source: www.independent.co.uk

Two-timed women can keep money after being cleared of insider dealing – Daily Telegraph

Posted November 16th, 2012 in insider dealing, news by tracey

“Two women who between them made more than £600,000 by following share tips from their two-timing banker boyfriend are set to keep the money after they were cleared of insider trading.”

Daily Telegraph, 15th November 2012

Source: www.telegraph.co.uk

Six convicted of insider dealing by FSA – BBC News

Posted July 24th, 2012 in financial regulation, insider dealing, news by tracey

“Six people have been convicted of insider dealing in a case brought by the Financial Services Authority.”

BBC News, 23rd July 2012

Source: www.bbc.co.uk

Husband and wife jailed for insider dealing – The Guardian

Posted June 21st, 2012 in insider dealing, news, sentencing by sally

“An investment banker and his wife were behind bars last night after netting £1.5m from insider dealing in one of the biggest cases ever pursued by the Financial Services Authority.”

The Guardian, 20th June 2012

Source: www.guardian.co.uk

The millionairess, the horse trials and the almighty legal row – Daily Telegraph

Posted March 5th, 2012 in conflict of interest, horses, insider dealing, media, news by tracey

“Each spring, tens of thousands of visitors a day — including the odd member of the Royal family — flock to the Gloucestershire stately home to enjoy three days of dressage, show-jumping and cross-country, not to mention the champagne receptions. Behind the scenes, however, a rather less harmonious atmosphere has developed, with a furious row pitting a businesswoman who was once America’s highest paid female executive against a leading light of the equestrian establishment. At stake have been the lucrative broadcasting rights to the trials.”

Daily Telegraph, 4th March 2012

Source: www.telegraph.co.uk

FSA fines hedge fund manager David Einhorn £7.2m for insider trading – Daily Telegraph

Posted January 27th, 2012 in insider dealing, news, sentencing by tracey

“One of America’s most high-profile hedge fund managers David Einhorn has been fined £7.2m by the Financial Services Authority for trading on insider information.”

Daily Telegraph, 25th January 2012

Source: www.telegraph.co.uk

Ex-Dresdner financier given longest ever jail term for insider trading – The Guardian

Posted February 3rd, 2011 in insider dealing, news, sentencing by sally

“Former Dresdner Kleinwort Wasserstein corporate financier Christian Littlewood has been jailed for three years and four months for his role at the centre of an eight-year insider dealing ring involving his wife and her best friend.”

The Guardian, 2nd February 2011

Source: www.guardian.co.uk

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