The FSA has charged five individuals for insider dealing, adding to the 11 currently being prosecuted by the regulator.
James Paul Sanders, director of specialist Contract for Difference (CfD) brokerage Blue Index, and his wife Miranda Sanders, have been jointly charged with seven offences of insider dealing relating to trading ahead of seven separate takeover announcements. Paul Sanders has also been separately charged with three offences of disclosing inside information contrary to section 52 of the Criminal Justice Act 1993. Meanwhile Christopher Hossain, a senior trader at Blue Index, has been charged with offences of encouraging clients of the firm to trade CfDs in relation to two of the stocks an...
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