ALEX BRUMMER: FCA ripples its muscles over insider trading
FCA ripples its muscles: A proper crackdown on insider trading is long overdue, says ALEX BRUMMER
Insider trading is one of the City’s oldest crimes. Barely a takeover happens without a run-up in the target company share price beforehand.
Advisers seek to prevent leaks by the use of code names and meetings in secret locations but it is impossible to plug all the gaps.
In recent times, the ritual of ‘capital markets days’ has developed and key information is shared …