Former site manager found guilty of insider trading
He made a profit of just over £132,000
Source: thebusinessdesk.com
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Letters: Superannuation, victims of crime, benefit cuts, and NZ politics
OPINION: Letters on child poverty, Pharmac and election.
Source: nzherald.co.nz
FCA To Retry Pair For Insider Dealing Over Plastics Firm Deal
A former manager at a plastics packaging supplier and his friend, who are charged with insider trading ahead of the £261 million ($320 million) acquisition of a plastic wrap producer, will be retried next year after jurors failed to reach a verdict.
Source: law360.com
Plastics Manager Told FCA £180K Share Bet Was Lucky 'Punt'
An ex-manager at a plastic packaging supplier on trial for alleged insider trading likened his investments to "punts" he made when gambling, according to a transcript of his interview with investigators read out by the prosecution on Monday.
Source: law360.com
Is the FCA flexing its muscles as prosecutor?
By Richard Sallybanks, Umar Azmeh10 May 2021 Much has been written about the Financial Conduct Authority’s (FCA) recent decision to commence criminal proceedings against NatWest plc for offences under the Money Laundering Regulations 2007 (MLR). However, as the FCA also started two insider dealing prosecutions in February, does this signal an increased willingness to flex its muscles as a criminal prosecutor, as opposed to dealing with misconduct in the areas for which it has responsibility through its civil regulatory regime? Richard Sallybanks Umar Azmeh On 11 February, the FCA announce...
Source: lawgazette.co.uk