Neil Rollins, a former senior manager of PM Onboard Limited (PM), a waste industry firm, has been found guilty of five counts of insider dealing and four counts of money laundering at Southwark Crown Court for trading on the basis of information obtained through his role in PM and laundering the proceeds. Mr Rollins sold his entire shareholding in PM Group Plc for £173,500 after he became aware of the company's worsening financial position and encouraged his wife to do the same. The sale saved Mr Rollins approximately £45,000 as the share price of PM Group Plc fell by approximately 17% when the worsening financial position was announced to the market. Mr Rollins laundered the proceeds of the sale after he became aware of the FSA's interest in his dealing. This case is the fifth successful market abuse prosecution brought by the FSA.