Michael Bowes QC led FSA team in successful insider dealing prosecution
Richard Joseph, 43, was convicted on 11 March 2013 of six counts of trading on confidential and price-sensitive information leaked to him from the print room at JPMorgan Cazenove. He placed spread bets with CMC Markets ahead of a series of deals in 2007 and 2008. He was sentenced to four years’ imprisonment for an insider-trading scheme that netted him £591,117 in profit.
For more information:
- The FT (12 March 2013): Trader jailed over leaked JPMorgan data
- The Telegraph (12 March 2013): Financier jailed for insider trading
- FSA (11 Mar 2013): Individual sentenced to four years for insider dealing