FCA Charges Three with Insider Trading

    

As part of an investigation by the Financial Conduct Authority (FCA) Manjeet Singh Mohal , Reshim Birk and Surinder Pal Singh Sappal all of Southall, Middlesex appeared before Westminster Magistrates’ court in respect of offences of insider dealing, contrary to Sections 52(1) and 52(2)(b) of the Criminal Justice Act 1993.

Mohal appeared in respect of two counts of insider dealing by disclosure of inside information, Birk in respect of one count of insider dealing by dealing in securities (shares and options) and Sappal in respect of one count of insider dealing by dealing in securities (shares).

The offences relate to trading in Logica PLC shares in May and June 2012.

The FCA, and previously the Financial Services Authority, have secured 27 convictions in relation to insider dealing

More here: http://www.fca.org.uk/news/three-charged-with-insider-dealing

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