FSA has fined Darwin Lewis Clifton OBE £59,000 for dealing in the shares of an AIM-listed company (Desire Petroleum plc) of which he was a non-executive director when he had inside information because of his position. Mr Clifton was also director and one-third shareholder of Byron Holdings Ltd, which he directed to buy shares in Desire. FSA also fined Byron £86,000. FSA found Mr Clifton had not considered whether the information he had was inside information nor the clear risk that Byron would commit market abuse by buying shares before the information was public. FSA noted Byron had intended to build up a shareholding in Desire anyway, but said the inside information was a material influence on the timing of its actions. It is not investigating the conduct of Desire or any other individual related to Byron.