Fifth charge in insider trading inquiry
Friday 21 December 2012
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.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...