The prohibition of insider dealing
and market manipulation does not apply to trading in own shares in buy-back programs or trading in securities for the stabilisation of securities when some conditions laid down in MAR are met.
Criminals who get rich by manipulating markets and insider dealing
should not get away with just an administrative penalty.
The FCA said arrests are not linked to any other ongoing insider dealing
investigation and no further details can be confirmed at this time.
Summary: A banker who helped advise the Government on its stakes in part-nationalised banks has been charged over insider dealing
He was one of four men charged by the Financial Services Authority for alleged involvement in insider dealing
between 2006 and 2010 worth a reported PS3 million - alongside millionaire Iranian businessman Iraj Parvizi, Andrew Hind, Benjamin Anderson and Dodgson - who were all bailed to attend Westminster Magistrates' Court on October 19.
Karunaratne's comments come after the release of the SEC Annual Report, which details that around 15 percent of complaints received last year were regarding insider dealing
allegations while 58 percent were market manipulations.
2m) for insider dealing
by the Financial Services Authority in the UK.
Genel previously tried to come to the London bourse, via a merger with Heritage Oil but the deal foundered amid an insider dealing
probe against Genel chief executive, Mehmet Sepil, which ended with him receiving a record fine.
LONDON, Ramadan 4, 1432, Aug 4, 2011, SPA -- Britain's Financial Services Authority (FSA) has charged former Mizuho investment banker Thomas Ammann and two of his associates with insider dealing
, the regulator said on Thursday, according to Reuters.
Zschokke took this function after chief executive officer Valentin Chapero resigned on 31 March 2011 due to an insider dealing
Reponses to the European Commission's (EC) public consultation on the Market Abuse Directive (MAD), the directive designed to harmonise the regulatory approach to market manipulation and insider dealing
in Europe, are expected to be published before 10 August 2010.
Nigeria's SEC is busy with investigations into capital market fraud and insider dealing
as part of a huge clean-up of the Nigerian financial sector.
A BANKER arrested in the UK's biggest probe into insider dealing
helped advise the Government on its stakes in part-nationalised banks.
The latest report by the FSA revealed that insider dealing
and mis-selling is still rampant in the financial markets.
THE boss of the City watchdog promised more action to tackle insider dealing
after admitting market abuse in Britain's financial services sector is at an "unacceptably high level".