News
The FSA has successfully brought a case against Rupinder Sidhu, a management consultant, who has been found guilty of 22 counts of insider dealing. Sidhu was found not guilty on one other count of insider dealing.
Information on the case is on the FSA website.
Tracey McDermott, acting director of enforcement and financial crime, said:
“This is another step in our fight against market abuse. Sidhu embarked on a sophisticated scheme which was designed to enable him to profit from exploiting confidential price sensitive information. And for a time he no doubt thought this was easy money. This verdict should send a clear message to anyone else who might be tempted to do the same. Insider dealers are criminals, no more and no less, and we will treat them as such.”
Published: 22 December, 2011