Two years imprisonment for insider trading offences
A former employee of Schroders Investment Management was sentenced to two years imprisonment yesterday having pleaded guilty to nine counts of insider trading between 2000 and 2013. The case was prosecuted by the Financial Conduct Authority (FCA) at Southwark Crown Court. Insider trading is a form of market abuse and is an offence contrary to section 118 Financial Services and Markets Act 2000 (FSMA). The FCA have commenced confiscation proceedings to recover the financial benefit from these offences.
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