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Four Charged in U.K. FSA Insider-Trading Probe

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PurpleSkyz

PurpleSkyz
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Four Charged in U.K. FSA Insider-Trading Probe

By Rain - Posted on 04 October 2012

BusinessWeek.com - Ben Moshinsky, 10/1/12



Former Deutsche Bank AG managing director Martyn Dodgson was employed by Deutsche Bank at the time of his arrest in March 2010. Photographer: Christopher Ratcliffe/Bloomberg

Former Deutsche Bank AG (DBK) managing director Martyn Dodgson was among four people charged with insider trading by U.K. authorities after an investigation spanning two-and-a-half years.

Dodgson, who was employed by Deutsche Bank at the time of his arrest in March 2010, as well as Andrew Hind, Benjamin Anderson and Iraj Parvizi were charged with “conspiracy to insider deal” between Nov. 1, 2006, and March 23, 2010, the Financial Services Authority said today in an e-mailed statement. The agency alleges the men made more than 3 million pounds ($4.8 million) on improper trades.

To read the rest of this story, visit BusinessWeek.com.

Thanks to: http://soundofheart.org



  

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