FSA charges four in insider dealing investigation
Joint investigation with the Serious Organised Crime Agency yields further arrests.
The Financial Services Authority has charged four men with conspiracy to insider deal, claiming it is the “largest and most complex insider dealing investigation in its history”.
Martyn Dodgson, a senior corporate broker, Andrew Hind, Benjamin Anderson and Iraj Parvizi have been bailed to attend Westminster Magistrates’ Court on 19 October 2012 on charges of conspiracy to insider deal between 1 November 2006 and 23 March 2010.
The charges are a result of Operation Tabernula, a long-running joint investigation between the FSA and the Serious Organised Crime Agency.
Several other individuals are still under investigation.
Although few details are available at this time, the regulator did say these latest charges are connected to the six arrests made in March 2010, which included two senior city professionals from institutions and one city professional from a hedge fund.
The regulator has so far secured 20 convictions in relation to insider trading.