A former UBS Group AG compliance officer was charged by U.K. regulators with passing tips on five occasions to a London man who traded on the information, according to court records. Fabiana Abdel-Malek, 34, and Walid Choucair, 38, were each charged with five counts of insider dealing between June 2013 and June 2014, a court […]

Two individuals sentenced in FCA insider dealing case Following a prosecution by the FCA, Mr Manjeet Mohal and Mr Reshim Birk have received suspended sentences of 10 months’ and 16 months’ imprisonment respectively and ordered to complete 180 and 200 hours of community work respectively. Mr Mohal was convicted in respect of two counts of […]

Manjeet Mohal and Reshim Birk have pleaded guilty to three counts of insider dealing as part of an insider dealing trial brought by the FCA in relation to the purchase of shares in advance of a takeover announcement. They will be sentenced on 13 January 2017. No evidence was put forward to prosecute a third […]

Mark Lyttleton, a former Equity Portfolio Manager, has pleaded guilty to two counts of insider dealing. Mr Lyttleton obtained inside information in the course of his employment when involved in deals or in conversations. He used the inside information on two deals to inform his purchase of shares a short time before any public announcement […]

On 13 June 2016, the FCA published a press release announcing that a former equities trader at Schroders Investment Management Ltd has been sentenced to two years’ imprisonment, having pleaded guilty to nine counts of insider dealing. The individual admitted dealing on the basis of inside information he obtained during the course of his employment […]

Martyn Dodgson, senior investment banker, and Andrew Hind, a qualified chartered accountant, have both been convicted of conspiring to insider deal between November 2006 and March 2010. Mr Dodgson obtained information about transactions through his position and asked Mr Hind to deal in the relevant shares. The defendants put in place elaborate strategies designed to […]

Mr Kenneth Carver, a retired accountant, has been fined £35,212 by the FCA for insider dealing pursuant to section 118(2) of the Financial Services and Markets Act 2000. Mr Carver purchased 62,000 shares in Logica Plc (Logica) just before CGI Inc publicly announced its intention on 31 May 2012 to make a cash acquisition of […]

FCA secure its third conviction as a result Operation Tabernula  . This week (W/C 23.03.2015) has seen the FCA secure its third conviction as a result Operation Tabernula. Former Senior Trader Sentenced for Insider Dealing A former senior trader accused of insider dealing has been sentenced to 19 months imprisonment and fined £100,000 following an […]