Insider Trading Solicitors
Insider Trading Solicitors
Insider trading is taken extremely seriously by the authorities, and penalties can include an unlimited fine and up to ten years in prison. If you are facing an investigation by the Financial Conduct Authority (FCA), you should speak to experienced insider trading solicitors immediately.
It is essential to have early representation to ensure that your rights are not infringed and that your interests are observed during the course of the investigation.
At Parnell and Peel, we have the expertise to give you the guidance and advice you need. We will monitor the information provided to the authorities and work to minimise any disruption to your business. We will also check that the correct procedures are followed by the FCA and any prosecutors involved in your case.
We hold the Law Society’s Criminal Litigation accreditation in recognition of the excellent standards of legal knowledge, skill and experience we provide. We have a strong track record of success in providing criminal defence services and will leave no stone unturned in building the strongest possible defence on your behalf.
To speak to one of our insider trading solicitors today, please call us on 033 00532252 or make a Free Online Enquiry for immediate assistance. All enquiries are completely confidential.
“Abdul is very professional solicitor and dealt with case very well. Excellent outcome and best thing about Abdul is he always communicate with me all the time. Highly recommend.”
What Is Insider Trading UK?
Insider trading is a criminal offence where privileged information about an organisation, so-called ‘insider information’, is used to make a profit by buying or selling securities.
Inside information is information which:
- Is related to particular securities or a particular issuer of securities;
- Is specific or precise;
- Has not been publicly divulged; and
- If it were to be made public, it would likely have a significant impact on the security price
Offences can occur under the Criminal Justice Act 1993 or under the Market Abuse Regulations (MAR).
Section 52 of the Criminal Justice Act states that someone is guilty of insider dealing if they have information as an insider and deal in securities that are price-affected securities in relation to the information they have. An individual is guilty if they encourage someone else to deal in the securities, whether or not that person is aware of the insider information.
It is also an offence to disclose insider information to someone else, other than in the proper performance of your job.
The following actions are breaches of MAR:
- Market manipulation
- Unlawful disclosure of inside information
- Insider dealing
Market manipulation, or creating a false impression of supply, demand or pricing for a security, is largely a civil offence, and can include:
- Manipulating transactions
- Misleading behaviour, disseminating false statements and distortion of facts
- Providing misleading information
- Using manipulating devices
What Are The Defences To Insider Trading?
A range of defences is available to a charge of insider trading or dealing, as follows:
- You did not expect the dealing to result in a profit attributable to the fact that the information was price-sensitive
- You had reasonable grounds to believe that the information had already been widely disclosed so that no-one involved in the dealing would be prejudiced by not having the information
- You would have done what you did even if you had not had the information
- You disclosed information to another, but did not expect them to deal in the securities
In establishing a defence on your behalf, we will look in great detail at the information available to various parties, the way in which it was shared, the timing of any purchases or sales, and your beliefs at the time. We will put together all available evidence to show that you have a valid defence wherever possible, working to show a lack of culpability for the offence or any breach of the civil regulations.
Contact Our Insider Trading Solicitors
If you need advice or guidance from an expert insider trading or market manipulation solicitor, contact us today and we will do all we can to help.
Call us now on 033 00532252 or make a Free Online Enquiry for immediate assistance. All enquiries are completely confidential.
“Abdul cannot be commended enough for a most excellent result. He was engaged to attend trial literally days beforehand. Abdul was always available and easy to communicate with. I would highly recommend his firm especially after such a brilliant performance in court successfully delivering the best outcome.”
