FSA warns debt market on insider dealing

margaret-cole-FSA

The Financial Services Authority (FSA) on Wednesday censured two traders for insider dealing and warned it would take stronger action in future against this type of market abuse.

Darren Morton, director, and Christopher Parry, vice-president, at Dresdner Kleinwort, now part of Commerzbank, were censured by the FSA for market abuse in relation to a new issue of Barclays’ bonds in March 2007. The FSA says the two traders committed market abuse because they sold the bonds based on inside informatio

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: