Six found guilty in UK insider dealing ring

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Six found guilty in UK insider dealing ring

Reuters – Six people were found guilty on Monday of running an insider dealing ring that netted over 700,000 pounds after the longest and most complex prosecution brought by the Financial Services Authority. The six used confidential and price-sensitive information from the London printers of Swiss bank UBS and UK brokerage JPMorgan Cazenove to place spreadbets on proposed or forthcoming takeover bids involving Reuters, Vega Group, Premier Oil, Thus and Enodis, the court heard when the trial opened in March. Read Article

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