Archive for the 'insider dealing' Category

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

“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.”

Full story

The Guardian, 2nd February 2011

Source: www.guardian.co.uk

Regina v Rollins – WLR Daily

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.

Lawyers ‘desperate’ to buy shares before buyout, court told – The Independent

“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.”

Full story

The Independent, 20th April 2010

Source: www.independent.co.uk

Couple charged as FSA clamps down on insider dealing – The Guardian

“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.”

Full story

The Guardian, 15th March 2010

Source: www.guardian.co.uk

Ex-Cazenove partner Malcolm Calvert guilty of insider dealing – The Guardian

“A former top executive at one of the City’s most prestigious banks faces jail after being found guilty of insider dealing.”

Full story

The Guardian, 10th March 2010

Source: www.guardian.co.uk

FSA issues record fine for insider trading – BBC News

“The City watchdog, the Financial Services Authority (FSA), has issued the largest fine in its history against an individual for insider trading.”

Full story

BBC News, 16th February 2010

Source: www.bbc.co.uk

Neel Uberoi and son Matthew face jail for insider trading – The Times

“A dentist and his work experience stockbroker son were facing jail today for a £110,000 insider trading scam.”

Full story

The Times, 4th November 2009

Source: www.timesonline.co.uk

City wrongdoers face bigger fines – BBC News

“The Financial Services Authority (FSA) wants to impose much bigger fines on firms or individuals who cheat their customers or engage in insider dealing.”

Full story

BBC News 6th July 2009

Source: www.bbc.co.uk

Regina v McQuoid – Times Law Reports

Regina v McQuoid

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

FSA steps up battle against insider trading – The Times

“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.”

Full story

The Times, 1st June 2009

Source: www.timesonline.co.uk

Net tightens on insider trading – The Independent

“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.”

Full story

The Independent, 6th April 2009

Source: www.independent.co.uk

FSA secures first jail term for insider dealing – The Times

“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. ”

Full story

The Times, 30th March 2009

Source: www.timesonline.co.uk

FSA hails significant victory as solicitor and father-in-law are guilty of insider dealing – The Times

“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.”

Full story

The Times, 28th March 2009

Source: www.timesonline.co.uk

FSA wins first conviction for insider dealing – The Times

“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.”

Full story

The Times, 27th March 2009

Source: www.timesonline.co.uk

Solicitor in alleged £50,000 insider trading deal with his father-in-law – Daily Telegraph

“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.”

Full story

Daily Telegraph, 9th March 2009

Source: www.telegraph.co.uk

Ex-restaurant boss spared prison – BBC News

“A former multi-millionaire restaurant boss has been spared jail for two offences of insider trading.”

Full story 

BBC News, 2nd March 2009

Source: www.bbc.co.uk

Former Belgo executive faces insider-dealing trial as wave of prosecutions reaches court – The Times

“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.”

Full story

The Times, 16th February 2009

Source: www.timesonline.co.uk

Former Falkland Islands Governor fined for insider trading – The Times

“A former Governor of the Falkland Islands and a past British ambassador to Peru has been fined by the Financial Services Authority (FSA) for insider dealing in an AIM-listed mining company which he chaired.”

Full story

The Times, 13th November 2008

Source: www.timesonline.co.uk

FSA insider dealing cases proceed – The Times

“The prosecutions of a former Cazenove partner and a father and son accused of insider dealing by the Financial Services Authority (FSA) will proceed to trial after an attempt to have the cases dismissed failed.”

Full story

The Times, 23rd September 2008

Source: www.timesonline.co.uk

FSA insider dealing crackdown faces second challenge – The Times

“The Financial Services Authority’s (FSA) long-awaited crackdown on insider dealing hit another procedural hiccup yesterday when the case against Malcolm Calvert, a former partner at Cazenove, the Queen’s stockbroker, was put on hold.”

Full sotry

The Times, 11th September 2008

Source: www.timesonline.co.uk

FSA challenged over insider trading case – The Times

“A father and son accused of insider trading today asked for the case against them to be dismissed on procedural grounds.”

Full story

The Times, 4th September 2008

Source: www.timesonline.co.uk

FSA launches third insider trading case – The Times

“The financial watchdog has continued its crackdown on market manipulation with another prosecution.”

Full story

The Times, 28th July 2008

Source: www.timesonline.co.uk

Ex-Body Shop IT expert fined for market abuse – The Times

“The Financial Services Authority (FSA) has fined a former IT technician at The Body Shop, the ethical beauty retailer, for market abuse in a rare victory for the regulator over dealing on inside information.”

Full story

The Times, 1st July 2008

Source: www.timesonline.co.uk

Financial Services Authority threatens more trials for insider trades – The Times

“The City watchdog threatened yesterday to step up criminal prosecutions and to increase fines for market abuse after more than a quarter of last year’s takeovers showed signs of insider trading.”

Full story

The Times, 30th April 2008

Source: www.timesonline.co.uk

City watchdog pursues insider dealer case – The Times

“The Financial Services Authority (FSA) has begun its first criminal prosecution against a suspected insider dealer, bringing charges against the former general counsel at TTP Communications, the wireless technology company.”

Full story

The Times, 22nd January 2008

Source: www.timesonline.co.uk

FSA warns of criminal gangs cashing in on insider dealing – The Times

“Gangs of organised criminals may be infiltrating the mergers and acquisitions departments of British investment banks to garner inside information on takeover bids, the City watchdog suggested yesterday.”

Full story

The Times, 3rd July 2007

Source: www.timesonline.co.uk

FSA actions market abuse investigation – The Lawyer

“The Financial Services Authority (FSA) is conducting an investigation into insider dealing that will force lawyers to abide by the Market Abuse Directive 2005.”

Full story

The Lawyer, 11th June 2007

Source: www.thelawyer.com

Plea deals plan to beat inside trading – Financial Times

Plans to introduce US-style plea bargaining for suspected insider dealers are being studied by the City watchdog to bolster its enforcement powers.

Full story

Financial Times, 22nd April 2007

Source: www.ft.com


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