‘A recent criminal conviction secured by the Financial Conduct Authority (FCA) in a case of insider trading highlights the UK regulator’s intention to proactively crackdown on cases of market abuse – not just with criminal prosecutions but through the enforcement of regulation too, a former senior market regulator has said.’
OUT-LAW.com, 23rd February 2024
Source: www.pinsentmasons.com
‘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
‘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
‘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
‘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
‘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
‘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
‘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
‘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
‘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 [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
‘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
“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 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 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
“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
“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
“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
© Inner Temple Library 2024