Julian Rifat, a former trader at U.S. hedge fund Moore Capital, WAS handed 19 months in prison and six-figure fine for abusing sensitive market information and colluding to make illicit profits Julian Rifat and accomplice Graeme Shelley, a former broker at Novum Securities, made more than £285,000 trading on corporate capital raisings before they happened. […]

In a prosecution pursued by the FCA, Paul Coyle, former Group Treasurer and Head of Tax at WM Morrison Supermarket plc, has pleaded guilty to two counts of insider dealing pursuant to section 52 of the Criminal Justice Act 1993. Mr Coyle has been sentenced to 12 months imprisonment. The FCA found that, between January […]

Ryan Willmott, former group reporting and financial planning manager at Logica plc (Logica), has pleaded guilty to three counts of insider dealing pursuant to section 52 of the Criminal Justice Act 1993. When he became privy to inside information about a takeover bid for Logica in 2012, Mr Willmott dealt in Logica’s shares under another […]

The FCA has published its findings from its thematic review of how asset management firms control the risk of committing market abuse. The review considered how firms control the risks of insider dealing, improper disclosure and market manipulation, with a primary focus on equities and insider dealing. The review examined the key aspects of an […]

The Financial Conduct Authority (FCA) has charged Paul Gerard Coyle (DOB: 20/04/1964), the former Treasurer and Head of Tax at Wm Morrison Supermarket plc (Morrison) with two offences of insider dealing, contrary to Section 52(1) of the Criminal Justice Act 1993. The offences relate to trading in Ocado Group plc shares between February and May […]

In a case brought by the Financial Conduct Authority (FCA) and heard at Southwark Crown Court Confiscation Orders (the Orders) totalling £3,249,488.71 were made by His Honour Judge Pegden QC between 10 September 2014 and 15 September 2014 against Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, Bijal Shah, Truptesh Patel and Richard Joseph. Read […]

The FCA has charged Damian Clarke, a former equities trader, with nine counts of insider dealing pursuant to section 52(1) of the Criminal Justice Act 1993. The offences relate to trading in shares and spread bets between October 2003 and November 2012. A copy of the FCA press release is available. http://bit.ly/1nKWrI5

The FCA has published its Market Watch newsletter for August 2013 (Issue No. 44). This newsletter deals with the following topics: • abusive high frequency trading strategies in commodities markets; • update on suspicious transaction reports; • fine imposed for transaction reporting failings; • update on NYSE Euronext LIFFE central counterparty; and • Turquoise derivatives transfer to London Stock Exchange. […]