“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
“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
Regina v Rollins [2010] UKSC 39; [2010] WLR (D) 210
“The power of the Financial Services Authority to institute criminal proceedings was not limited to the offences referred to in ss 401 and 402 of the Financial Services and Markets Act 2000; in particular the FSA had power to prosecute offences of money laundering under ss 327 and 328 of the Proceeds of Crime Act 2002.”
WLR Daily, 30th July 2010
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Two lawyers made nearly £80,000 in unlawful profits after using insider information to buy shares in a small biotech firm on the brink of a large corporate buy out, a court heard today.”
The Independent, 20th April 2010
Source: www.independent.co.uk
“A former Dresdner Kleinwort investment banker and his wife have been charged with insider dealing as part of an ongoing effort by the Financial Services Authority to crack down on market abuse, which the watchdog admitted over the weekend was still ‘unacceptably high’ in the City.”
The Guardian, 15th March 2010
Source: www.guardian.co.uk
“A former top executive at one of the City’s most prestigious banks faces jail after being found guilty of insider dealing.”
The Guardian, 10th March 2010
Source: www.guardian.co.uk
“The City watchdog, the Financial Services Authority (FSA), has issued the largest fine in its history against an individual for insider trading.”
BBC News, 16th February 2010
Source: www.bbc.co.uk
“A dentist and his work experience stockbroker son were facing jail today for a £110,000 insider trading scam.”
The Times, 4th November 2009
Source: www.timesonline.co.uk
“The Financial Services Authority (FSA) wants to impose much bigger fines on firms or individuals who cheat their customers or engage in insider dealing.”
BBC News 6th July 2009
Source: www.bbc.co.uk
Court of Appeal (Criminal Division)
“Deliberate insider dealing was a species of fraud for which prosecution, rather than regulatory proceedings, would often be more appropriate.”
The Times, 23rd June 2009
Source: www.timesonline.co.uk
“The Financial Services Authority (FSA) is to increase the firepower of its enforcement division by hiring several lawyers from leading City firms, The Times has learnt.”
The Times, 1st June 2009
Source: www.timesonline.co.uk
“A series of insider dealing scams, involving corporate takeover deals worth millions of pounds have been uncovered in the biggest-ever crackdown on market abuse in the City by its regulator.”
The Independent, 6th April 2009
Source: www.independent.co.uk
“A solicitor who tipped off his father-in-law and profited from a takeover deal was jailed for eight months today in the Financial Services Authority’s (FSA) first criminal prosecution for insider dealing. ”
The Times, 30th March 2009
Source: www.timesonline.co.uk
“A solicitor and his father-in-law were convicted yesterday of exploiting secret information to buy shares before a company takeover in the Financial Services Authority’s (FSA) first criminal prosecution for insider dealing.”
The Times, 28th March 2009
Source: www.timesonline.co.uk
“A lawyer and his father-in-law were today convicted of insider dealing in the first such criminal prosecution secured by the Financial Services Authority (FSA), the City watchdog.”
The Times, 27th March 2009
Source: www.timesonline.co.uk
“A solicitor breached insider trading laws when he tipped off his father-in-law that his company was about to about be taken over by Motorola so the pair could make a £50,000 profit from buying and selling shares , a court was told.”
Daily Telegraph, 9th March 2009
Source: www.telegraph.co.uk
“A former multi-millionaire restaurant boss has been spared jail for two offences of insider trading.”
BBC News, 2nd March 2009
Source: www.bbc.co.uk
“A former senior executive of Belgo Group, the restaurant operator, is to go on trial for insider dealing today in the first of an unprecedented series of criminal prosecutions.”
The Times, 16th February 2009
Source: www.timesonline.co.uk
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