On 25 June 2014, the FCA announced that it has charged Damien Frank Clarke, a former equities trader at Schroders Investment Management Limited, with 9 counts of insider dealing, contrary to section 52(1) of the Criminal Justice Act 1993. The FCA has reported that the offences relate to trading in shares and spread bets between 30 October 2003 and 28 November 2012. In its announcement, the FCA highlighted its recent success in this area with 24 convictions in relation to insider dealing across the industry since 2009.