The FCA has announced that a former investment portfolio manager has pleaded guilty to two counts of insider dealing and will be sentenced on 21 December 2016. The FCA states that the individual admitted dealing on the basis of inside information he obtained during the course of his employment. In his role at the fundamental equity team, he was able to discover and act on inside information either by working on the deals concerning the stocks or being party to conversations conducted by colleagues. He used the inside information to inform his purchase of shares a short time before any public announcement was made about the stocks concerned.
View Former investment portfolio manager pleads guilty to two counts of insider dealing, 2 November 2016