Financial Times FT.com

Insider dealer jailed for eight months

By Michael Peel, Megan Murphy and Jennifer Hughes

Published: March 30 2009 14:31 | Last updated: March 31 2009 04:18

A company lawyer who conspired with his father-in-law in a £50,000 ($71,000) insider share dealing scam was jailed for eight months on Monday in the Financial Services Authority’s first criminal prosecution of the offence.

Judge Peter Testar told Christopher McQuoid his “deliberate and calculating” actions served to undermine market confidence, which was of “great importance” to the economic health of the nation.

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