Fifth charge in insider trading inquiry
Related articles
The City regulator has charged a fifth person for insider dealing in a case involving alleged front-running, when a trader takes a position to capitalise on advance knowledge.
Richard Baldwin, 46, was charged by the Financial Services Authority earlier this week following an investigation codenamed Operation Tabernula.
The FSA arrested seven people and raided 16 addresses in London and the South-east in 2010 as part of the crackdown.
At the time of the first arrests, the FSA said it believed "City professionals passed inside information to traders – either directly or via middlemen – who traded on this information and have made significant profits".
Mr Baldwin's lawyer told Bloomberg that he denied the allegations made against him. He faces three charges relating to insider dealing and acquiring money "being the proceeds of crime".
Operation Tabernula is the "largest and most complex insider dealing investigation to date", the FSA has said.
Martyn Dodgson, a former Deutsche Bank managing director, is among those charged in the investigation, which has spanned two and a half years.
-
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
-
'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
-
German chancellor Angela Merkel named most powerful woman in the world by Forbes - again
-
World news in pictures
-
Ingrid Loyau-Kennett, the mother-of-two hailed as a hero for confronting Woolwich attackers, thought: 'better me than a child'
- 1 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 2 Mothers' diets may harm IQs in two-thirds of babies
- 3 Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
- 4 Ingrid Loyau-Kennett, the mother-of-two hailed as a hero for confronting Woolwich attackers, thought: 'better me than a child'
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
Edward VIII’s phone calls - and how MI5 bugged them
Hollywood's random acts of red-carpet kindness
Not secure any more: G4S boss heads for exit at last
How to say ‘I’m a sellout’


Comments