MyComplianceOffice Blog

On March 23, 2020, the following statement was released from Stephanie Avakian and Steven Peikin, Co-Directors of the SEC’s Division of Enforcement.

Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA recently gave a speech on market integrity. In his speech, Mark Steward discussed the importance of firms having a smart market abuse risk assessment to comply with MAR, regulators challenges and capabilities to detect market abuse.

Benjamin Taylor and Darina Windsor, two London investment bankers, were charged by the U.S. government in September with selling information about pending mergers and acquisitions as part of a “large-scale, international insider-trading ring.” In a recent Bloomberg article, prosecutors say the pair generated tens of millions of dollars in illicit profits as a result of their activities.  

Two London investment bankers were charged on Monday in the US for an insider trading scheme. The prosecutors claim that the large-scale scheme generated around $10 million in illegal profit. The spokesman for the Manhattan U.S attorney could not confirm if the couple are under arrest.

The Financial Conduct Authority (FCA) issued an edition of Market Watch this month that shares the regulator’s concerns and findings about control of access to inside information. In the publication, the FCA highlighted the conviction of Fabiana Abdel-Malek, a former Compliance officer in the London branch of a major investment bank.