- banned and fined Mark Taylor, a financial adviser formerly of Towry Law, for trading off the back of inside information accidentally provided to him in his role at Towry Law. Mr Taylor had traded after a message was sent to staff in error, followed by a message instructing staff not to act on it. He had later called his broker to try to reverse the trade as he was concerned about insider dealing, but the broker had not been able to do this and had reported the activity. The fine of £36,285 reflected Mr Taylor’s financial situation;
- announced the Court has sentenced Martyn Dodgson and Andrew Hind, respectively, to 4.5 and 3.5 years’ imprisonment (see FReD 13 May). The 4.5-year sentence is the longest sentence handed down for insider dealing in a case brought by FCA.