The authority is looking to step up its enforcement activity over insider dealing
with three cases currently before the courts.
occurs when market professionals pass information to each other about bids or imminent takeover deals before the information is made public.
Its Chairman & CEO, Dickson Lee, a US citizen, is a judicial Member of the (SEC) Insider Dealing
Tribunal of Hong Kong.
It has not brought a criminal case for insider dealing
since it took over responsibility for initiating prosecutions in 2001.
A CITY banker who funded his gambling addiction with crooked insider dealing
was jailed for five years yesterday.
In a statement, Mr Walker said: "I never had the slightest doubt that I would be totally vindicated by any inquiry into alleged insider dealing
in Iceland shares in late 2000.
The EU directives call for European financial institutions to increase scrutiny of insider dealing
, market manipulation, client suitability, and best execution.
Nevertheless, the Financial Services Authority, appointed to the same role as the SEC here in the UK, has secured just five jail terms for insider dealing
in nearly a decade in operation, even though it oversees one of the biggest financial markets in the world.
POLICE arrested eight men yesterday in connection with a major probe by the City's financial watchdog into insider dealing
FIVE men and one woman have been arrested in connection with an ongoing investigation into suspected organised insider dealing
The Financial Services Authority, which has more than doubled staff engaged in criminal prosecutions for insider dealing
, complained yesterday it is still waiting to be given legal powers promised by the Government.
When City trader Tom is left EUR50m in a numbered Swiss bank account, he asks few questions and uses the cash to cover his losses from a stint of insider dealing